HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Ex-bankers pay penalties ...

Tue Sep 25, 2012, 09:22 PM

Ex-bankers pay penalties over SEC charges

Source: Omaha World Herald

By Cindy Gonzalez

Three former executives of Nebraska’s former TierOne Bank have been charged with hiding millions of dollars in losses — misleading investors and federal regulators at the height of the nation’s financial crisis.

A fourth man, a son of one of the bankers, was charged along with his father with insider trading.

The alleged civil violations announced Tuesday by the Securities and Exchange Commission are against CEO and Board Chairman Gilbert Lundstrom of Lincoln; President James Laphen of Omaha; chief credit officer Don Langford of Gibsonia, Pa.; and Trevor Lundstrom, the CEO’s son, who lives in Birmingham, Ala.

The Lundstroms and Laphen settled their cases by agreeing to collectively pay nearly $1.2 million, which is subject to approval by the U.S. District Court.

FULL story at link.



Read more: http://www.omaha.com/article/20120925/MONEY/709269926/1707#ex-bankers-pay-penalties-over-sec-charges

3 replies, 1235 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply Ex-bankers pay penalties over SEC charges (Original post)
Omaha Steve Sep 2012 OP
dixiegrrrrl Sep 2012 #1
Angry Dragon Sep 2012 #2
rks306 Sep 2012 #3

Response to Omaha Steve (Original post)

Tue Sep 25, 2012, 09:44 PM

1. Steal enough money, you just have to pay a "tithe" on it

to the god Mamon.

then again, this could be a smart move by Treasury, to accept fines to keep the Treasury running.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Tue Sep 25, 2012, 10:10 PM

2. Fine them and send them to prison

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Wed Sep 26, 2012, 01:32 AM

3. It's a start

What Wall St. did to us should be some kind of a crime. I want to see a couple of them go to jail. Not a resort prison, but one that they may get their ass busted.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread