Bailed out bank was allegedly laundering money for gambling sites
September 17, 2010 by admin · Leave a Comment
An Arizona bank that received more than $2.5 million in taxpayer bailout funds through the Troubled Asset Relief Program last year has agreed to forfeit $700,000 for allegedly laundering money for offshore gambling operations. The U.S. Attorney for the Southern District of New York, the FBI, and the special inspector general for TARP announced yesterday [... ]