FORMER BANK OF NEW ENGLAND VP CONVICTED OF FRAUD

A former vice president of the failed Bank of New England was convicted Wednesday on 43 counts of fraud and embezzlement. Lewis Donald Shattuck was found guilty in US District Court of misapplication of bank funds, embezzlement, and making false entries.

Mr. Shattuck was originally charged with 49 counts of bank fraud that cost the bank more than $1.1 million.

Prosecutors said that from February 1986 to January 1989 Shattuck was involved in falsifying bank records to embezzle funds for his own use and approving loans to local real estate developers from whom he then received kickbacks.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK