Archive by Month: April 2009

Greg Veal Successfully Defends Two Financial Institution Bond Claims

By April 8, 2009 Articles

Greg Veal successfully defended St. Paul Travelers against a financial institution bond claim seeking accrued interest on fraudulent promissory notes in Citizens Bank & Trust v. St. Paul Mercury (U.S.D.C., S.D. Ga.  2007).  The bank sought to recover over $568,000 in "interest" carried on its books as having accrued on completely fictitious "loans" made up by a dishonest officer to cover his embezzlements.

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