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Ex-board member at crooked Bridgeport bank sentenced to year and a day in prison

Ex-board member at crooked Bridgeport bank sentenced to year and a day in prison
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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.

Bridgeport bank failure fallout: Washington Federal Bank for Savings shutdown cost far more than feds have said: Where did the money go?

Authorities say they’ve recovered $59 million toward the money lost when they shut down Washington Federal Bank for Savings, but they’re still out another $81 million, records show.

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