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Update on this story: a federal judge in Texas rejected the bank president's plea agreement today. Prosecutors said she agreed to 7 years, far less than max for the charges. Another sentencing hearing scheduled for December. https://twitter.com/Lucasgsl6/status/1311287795319812096
This is the other big Enloe update today. Good thread for the bank literate. Interesting tidbits for me include the fact that Moody was the largest shareholder in the bank's holding company, and so profited from inflated lending. https://twitter.com/khaslett/status/1311742803563687938?s=19
Report also faults the bank's board for "limited banking knowledge or business experience." I got statements from some of them during my initial reporting for @irworkshop Some didn't respond to calls or me knocking on their door. https://investigativereportingworkshop.org/investigation/a-banking-mystery/
FDIC also says an bank cashier was in on the scheme. To my knowledge this individual's name hasn't been reported, with only the Pres and VP charged at this point. "unnamed co-conspirators" also make an appearance.
