Former Bank Exec Could Face 5 Years Over Tax Conspiracy

Law360, Washington (July 24, 2017, 8:07 PM EDT) -- The former vice president of a South Carolina bank faces up to five years in prison after pleading guilty on Monday to providing illegal loans to a staffing company that owed the government millions in unpaid payroll taxes, according to the U.S. Department of Justice.

Douglas Corriher, 68, entered his plea in federal court in Greensboro, North Carolina, copping to one count of conspiracy to impede the IRS for his activities as the head of the factoring loan department at GrandSouth Community Bank, according to a...
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