Ex-Bank Exec Pleads Guilty To Conspiracy In $1.8M Fraud

By Dani Kass (May 1, 2015, 8:00 PM EDT) -- The former president and chief executive officer of a warehouse lender is facing up to five years in prison after pleading guilty on Thursday in New York federal court to conspiring to defraud the bank of more than $1.8 million following the 2008 financial crisis. 

Poppi Metaxas, 62, pled guilty to conspiracy to commit bank fraud for her role in a scheme involving the sale of Gateway Bank's nonperforming assets and mortgage loans to three companies in exchange for $15 million, according to the U.S. attorney's office. Metaxas then used a series of wire transfers to provide the purchasers of Gateway's...

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