Record #:

24140

Author(s):

Campbell, Spencer

Abstract:

The Bank of Asheville was shut down as a result of various illegal acts on the part of the CEO. These include misuse of customer funds, fraud, and money laundering. The author discusses the lawsuit against the CEO and Bank of Asheville's downward spiral.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 31 Issue 6, June 2011, p30-33, il

Subject(s):

Banks and banking; Asheville--Economic conditions; Buncombe County--Economic conditions; Banks and banking--North Carolina