Criminal
Oct. 9, 2014
Former bank vice president pleads guilty to producing false statements
A former vice president of a San Francisco-based bank pleaded guilty Tuesday to conspiring to produce false notes and statements before the institution received $297 million in federal bailout funds.
Daily Journal Staff Writer
A former vice president of a San Francisco-based bank pleaded guilty Tuesday to conspiring to produce false notes and statements before the institution received $297 million in federal bailout funds.
United Commercial Bank later imploded, causing an estimated loss of more than $1.1 billion, according to federal authorities.
Thomas Yu, 51, could receive up to five years in prison and pay...
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