Federal regulators fined the former chief executive of the North Lauderdale bank for engaging in unsafe banking practices.
August 19, 2014 at 12:00 AM
1 minute read
Federal regulators fined the former chief executive of a North Lauderdale bank $10,000 for engaging in unsafe banking practices, which included hiring a convicted tax cheat and giving out a sweetheart loan to a bank insider.
The Office of the Comptroller of the Currency did not require Blas Betancourt to admit any wrongdoing and allowed the executive to continue working in the banking industry.
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