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Bank CEO, top executives convicted on multiple fraud charges

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Following a multi-week trial, a CEO, three senior executives and a favored borrower were convicted Friday by a federal jury in Virginia in a fraud scheme that led to the collapse of the Bank of the Commonwealth. The men were able to hide non-performing assets at the bank, causing it to fail in 2011. The failure cost the Federal Deposit Insurance Corporation about $268 million. Christy Romero,...

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