NJ Bank Founder, Associate Indicted In Bogus Loan Scheme

By Bill Wichert ( October 30, 2018, 9:52 PM EDT) -- The founder of a New Jersey bank and his associate were indicted Tuesday in federal court on charges of taking part in a scheme to obtain roughly $9 million in loans from the financial institution to "nominee borrowers" when the money was actually used for his benefit, authorities said....

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