Ex-Fleet Bank Exec Admits To Distressed Loan Fraud

Law360 (June 16, 2008, 12:00 AM EDT) -- A former vice president of Fleet Bank and later Bank of America Corp. has pled guilty to conspiracy to commit financial institution bribery and bank fraud.

In a plea agreement entered Wednesday in the U.S. District Court for the District of Connecticut, former executive Kevin O'Keefe said that he conspired with a Connecticut real estate agent and attorney to take advantage of his position at Fleet Bank and later at Bank of America after the bank acquired Fleet.

O'Keefe “admitted that he and his co-conspirators corrupted...
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