As if there aren’t enough examples already of financial impropriety, Bank of America Vice President Robert Conner provided yet another reason to mistrust those in power at financial institutions. Conner was recently convicted on 36 federal counts of bank and credit card fraud involving $1.2 million.
The irony of this case is the fact that Conner didn’t appear to be betting from the scam himself. Rather, he allowed 16 people to submit false applications for business credit cards. In all, these credit cards provided the 16 co-defendants with $1.21 million in fraudulent credit, all of which was approved by Conner. Eleven other people have also pled guilty to completing the same type of transaction with Conner. He may have received some sort of kickback for what he was doing, however, but none of those rumored reports have been proven to be true.
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