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Johnf Gembara News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Daughter of failed Bridgeport bank leader at center of San Diego slaying case

Daughter of failed Bridgeport bank leader at center of San Diego slaying case
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Bridgeport bank failure fallout could see William Mahon, aide to 3 Chicago mayors, get prison in Washington Federal Bank for Savings case

In failed Bridgeport bank scandal, Washington Federal Bank for Savings client Edward H Gobbo got out of $4 million owed by going bankrupt, then got millions more in loans

A month after Edward H. Gobbo got out of bankruptcy, Washington Federal Bank for Savings CEO John F. Gembara starting giving him millions more in loans, records show. When the bank went bust, Gobbo or his immediate family owed over $3.8 million on 27 residential loans, some years overdue.

Crooked Bridgeport bank drew these people with high-interest CDs that fueled embezzlement scheme

These Washington Federal Bank for Savings customers had no idea the high interest rates that attracted them were feeding the fraud. The bank’s “smooth operators” lured them in, the daughter of one victim says.

Chicago s Washington Federal Bank Fallout Leads to Convictions

Chicago s Washington Federal Bank Fallout Leads to Convictions
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