Connecticut bank sued over accountant's alleged fraud
June 28, 2011
Total Loss:
$1.3 Million
Trustees of a Norwich estate are suing Chelsea Groton Bank to try to recoup some losses from an alleged multimillion dollar fraud scheme that led to the arrest of a local accountant.
The Day of New London reports that trustees of the Kauppinen family trusts recently filed a lawsuit in New London Superior Court against the Groton-based bank. They allege bank officials should have known Norwich accountant F. Robert LaSaracina's (lah-sair-ah-SEE'-nah's) representations were false when they gave him a $1.3 million mortgage on trust-owned property when he was a trustee of the estate.
Source:
Stamford Advocate
Posted in:
Money Laundering