The Bank of San Antonio disclosed Wednesday that it uncovered a $13.2 million “Ponzi-style fraud scheme” involving a former employee of a subsidiary who’s accused of inducing the bank to purchase worthless receivables from various businesses.
The Bank of San Antonio disclosed Wednesday that it uncovered a $13.2 million “Ponzi-style fraud scheme” involving a former employee of a subsidiary who’s accused of inducing the bank to purchase worthless receivables from various businesses.
