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Home Q & A Board Humanities Legal Studies
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stewartt08 stewartt08
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6 years ago
McGuire was an employee of First National Bank of Grayson (FNBG). FNBG participated in a Kentucky Housing Corporation (KHC) program in which KHC loaned money to financial institutions. The institutions would then make low-interest loans to low-income individuals who qualified for purchase of a home. FNBG received the funds and produced bogus paperwork for 80 loans but never loaned the money. Instead, they invested the money at a high rate of interest. Eventually the money was returned to KHC, but McGuire was charged with making false records and fraud. Can McGuire, as an employee, be held liable?
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breohbreoh
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6 years ago
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stewartt08 Author
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6 years ago
Thanks
annakc
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Yesterday
Correct Slight Smile TY
courtneyrmcd
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2 hours ago
Good timing, thanks!
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