Bank CEO Allegedly Triggers $3,500,000 Loss After Giving Loans to Relative’s Struggling Business
A former Bank CEO is accused of violating the lender’s policies and causing millions of dollars in losses. The Federal Reserve says former Bank of Eufaula CEO Thomas Engelbrecht triggered over $3.5 million in losses by steering millions to a struggling business belonging to a close relative. Between 2020 and 2023, the Fed says Engelbrecht […] The post Bank CEO Allegedly Triggers $3,500,000 Loss After Giving Loans to Relative’s Struggling Business appeared first on The Daily Hodl.