Ex-NY Bank Exec First To Be Charged With TARP Fraud

By Evan Weinberger

Law360, New York (March 15, 2010, 6:16 PM ET) -- The former head of a New York community bank faces up to 260 years in prison and nearly $8 million in fines on charges that he defrauded the bank out of millions of dollars and attempted to scam the Troubled Asset Relief Program out of over $11 million.

Federal authorities filed a criminal complaint against Charles J. Antonucci Sr., the former president and CEO of The Park Avenue Bank, Monday in the U.S. District Court for the Southern District of New York. He was arrested that...
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