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Bank fraud lands developer 50 months in prison

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Real estate developer Dwight Etheridge was sentenced to 50 months in federal prison and five years of supervised release for his role in a fraud scheme that contributed to the collapse of the Bank of the Commonwealth, according to the Office of the Special Investigator for Troubled Asset Relief Program. The 49-year-old president of Tivest Development & Construction, LLC, of Chesapeake, Va.,...

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