Ex-UCB Exec Gets 8 Years, $17M Fine For Securities Fraud
By Daniel Langhorne ( September 1, 2015, 10:04 PM EDT) -- A former United Commercial Bank executive was sentenced by a California federal judge Monday to more than eight years in prison and fined nearly $17 million for his role in a securities fraud case that caused the country's ninth-largest bank failure since 2007 and ultimately cost taxpayers and the federal government $1.1 billion....
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