Park Avenue Bank

“During my tenure I abused the position of trust I enjoyed,” said Charles Antonucci, who admitted to accepting ‘what amounted to bribes from clients and faking a $6.5 million investment into the bank,’ and used the money to fund, among other things, trips to the Superbowl. “Sometimes I did it to enrich myself, other times in a misguided attempt to keep the bank healthy.” [WSJ]



Park Avenue Bank, and its former president and CEO, Charles J. Antonucci, were just the beginning. Barofksy’s got 75 investigations going, and all of you (LEWIS) have been warned. Let’s not forget, the TARP Inspector General “still has the knife from a foiled attempt on his life in a field outside Bogota.”