Your bailout money bought this banker a condo

condo cc

This guy was just thinking too small time, so he got busted. One has to go big to avoid prosecution.

The chairman of a small bank in Missouri he took some of the TARP money allocated for his bank and bought a condo with it. Pretty straightforward fraud.

Talk about ham handed. Everyone knows you don’t buy 1 condo in Florida in your name, but leverage the taxpayer money to buy 100 condos in Dubai in the bank’s name, and then get the developer to build you one for free.

Lesson learned I guess.

Click here for the article.