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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!