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Former President Of Just Failed Park Avenue Bank Arrested On Bank Bribery, Embezzlement And Fraud Charges

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Mon, 03/15/2010 - 11:32 | 265829 deadhead
deadhead's picture

Thanks for printing this Tyler.

This is a start....but, there are many more of these scumbags to go.


Mon, 03/15/2010 - 11:35 | 265832 Cognitive Dissonance
Cognitive Dissonance's picture

".....(presumably, without any outright fraud disclosed just yet among the TBTFs)."

Tyler, that is a mighty large presumption to make, which you clearly hedged with the "just yet" portion of your comment.

Can I take the other side for $10 Trillion?

Mon, 03/15/2010 - 11:56 | 265854 MarketTruth
MarketTruth's picture

As i have posted on ZH before, they love 'small fish' while the big ones swim freely without worry.... just like the major drug dealers to the DEA in Miami-Dade during the 1980's. Wake me up when one of the Big Fish gets caught and brought to full justice.

Start with the vampire squid Goldman Sachs and work your way from there.

Mon, 03/15/2010 - 12:10 | 265863 Assetman
Assetman's picture

Agreed.  My initial reaction to this was... "small potatoes".

The Goldman players will be the very last implicated... plenty of time to prepare the public that they are a woefully incompetent bunch... as opposed to the smartest guys in the room.

Mon, 03/15/2010 - 16:13 | 266188 Rick64
Rick64's picture

 just like the major drug dealers to the DEA in Miami-Dade during the 1980's.

 I lived there at the time and it was quite a show and the media played their part well too.

Mon, 03/15/2010 - 16:36 | 266240 marvincooley
marvincooley's picture


In a crony world only the non cronies get prosecuted. The cronies own the prosecutor and he does what they tell him to do. They might throw a crony who has fell out of favor under the bus to appease the masses but you can be assured if it is the D of Injustice doing the prosecuting its cronyville.

Mon, 03/15/2010 - 12:23 | 265877 sodbuster
sodbuster's picture

His next job could be an appointment to the Fed Reserve!

Mon, 03/15/2010 - 12:23 | 265878 Hulk
Hulk's picture

Fall guy to take the public focus off the real criminals...

Mon, 03/15/2010 - 13:56 | 265999 carbonmutant
carbonmutant's picture


Mon, 03/15/2010 - 12:28 | 265883 Big Al
Big Al's picture

Wonder how the Feds even found out about his crimes.  It couldn't have been an informant's allegation, they routinely ignore those.  Maybe he was involved in organized crime.

Mon, 03/15/2010 - 12:34 | 265889 SteveNYC
SteveNYC's picture

"in the corrupt world of Wall Street banking, it appears that rampant criminality has long since become the norm, with selective enforcement here and there to make it seem that perpetrators get punished"


Never has a truer statement summed up the current state of affairs.

Mon, 03/15/2010 - 12:47 | 265913 Postal
Postal's picture

In other words, he didn't contribuite to the DA's re-election campaign...

Mon, 03/15/2010 - 12:44 | 265902 Astute Investor
Astute Investor's picture

Given his availability, Obama can now nominate Antonucci for the VC opening at the Fed....

Mon, 03/15/2010 - 12:54 | 265923 curbyourrisk
curbyourrisk's picture

Wake me when they get somone who matters

Mon, 03/15/2010 - 13:00 | 265926 Rainman
Rainman's picture

Charlie will take the Dick Fuld defense....." I din't know nuttin ".

Mon, 03/15/2010 - 13:27 | 265950 MagicHandPuppet
MagicHandPuppet's picture

Could I get one order of small banker taters please, with a coke and a smile, so that the peasants think we are doing something to protect them.  Oh, and if those pesky 'gold-bugs' continue chasing Timmay and demanding justice, we may need to throw out an order of large banker taters, a little higher up the food chain.  Perhaps a Fuld tater will be in order, but we'll make them think that's the grand prize after a couple of years of demanding 'justice'.

Mon, 03/15/2010 - 15:58 | 266162 ZerOhead
ZerOhead's picture

A little blood-letting to 'quench' the masses thirst for justice. A case of too small to survive obviously... incapable of performing 'Gods Work' where same is comprised of buying politicians and regulators.

The 'Fuld tater' take is 100% spot on!

Mon, 03/15/2010 - 13:28 | 265952 trav7777
trav7777's picture

The Martha Stewart of the banking fraud community

Mon, 03/15/2010 - 13:48 | 265985 naiverealist
naiverealist's picture

Maybe this is will be acted out the same as Aig's Greenberg.  Take him into court, but do such a lousy job that the judge throws the case out or awards in favor of the defendent, then double jeopardy prevents him from really being prosecuted. It's been done before . . . .

Mon, 03/15/2010 - 13:48 | 265986 Shameful
Shameful's picture

Wait fraud is still illegal?!?  I thought that got changed, does Wall Street and the Government know?!?

Like anything else the little guys will take the fall.  Let me know when Dimon gets picked up or Fuld.

Mon, 03/15/2010 - 13:58 | 266004 SRV - ES339
SRV - ES339's picture

Obviously Charles was not doing "God's Work"... with assests under a billion.

Mon, 03/15/2010 - 14:06 | 266019 faustian bargain
faustian bargain's picture

He probably sealed his demise by putting himself on the radar, with the TARP application that he subsequently canceled.

Mon, 03/15/2010 - 14:08 | 266024 faustian bargain
faustian bargain's picture

Would be funny if we learn the amount he embezzled was $12 million.

Mon, 03/15/2010 - 14:27 | 266043 Gimp
Gimp's picture

Not allowing the TARP oversight in the door was his undoing.

Concur on the Big Fish, Little Fish theme. How about some of the publicly held banks? WTF.

Mon, 03/15/2010 - 16:14 | 266189 CB
CB's picture

so much banker fail on so many levels.

Mon, 03/15/2010 - 18:09 | 266381 Adam Neira
Adam Neira's picture

"They hang the man and flog the woman that steal the goose from off the common, but let the greater villain loose that steals the common from the goose."

English folk poem, circa 1764

Mon, 03/15/2010 - 19:19 | 266482 No More Bubbles
No More Bubbles's picture

This is right up there with Martha Stewart.   Yet again, the REAL FRAUD continues with the REAL CRIMINALS even MORE brazen than ever; but "they" have got to pretend to do something, so this guy goes down.

Not to say he shouldn't go to jail; but this is like ticketing someone for spitting gum on the sidewalk while 10 feet away someone is stealing the purses and wallets of everyone walking by while the "cop" is writing the gum spitting ticket.

This whole system is so systemically corrupt that the only real thing to do is for people to start blowing some fu*king heads off!


Mon, 03/15/2010 - 20:39 | 266604 Buck Johnson
Buck Johnson's picture

You may be correct AssetMan, when the stuff hit the fan and our economy and dollar goes belly up they will need people to blame and the politicians being politicians will through the big boys like Goldman Sachs and others to the mob in order to protect themselves from any propriety of being to soft or friends with them.  Everyone I have a question, weren't the US supposed to have been good financially because they where transparent in their financial dealings?  It's starting to turn out that our banks and our watchers of the banks act like a third world banking system. 

Wed, 04/14/2010 - 09:56 | 299906 mark456
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