Vista Bank CEO had luxury vehicle ‘side deal’ with RDAG
LUBBOCK, Texas (KCBD) – court papers filed Wednesday by the court appointed Special Counsel to Debtors describe a ‘side deal’ between RDAG CFO Shane Smith and Vista Bank CEO John Steinmetz that supplied Steinmetz with steeply discounted leases for luxury automobiles. Although this had been occurring, court papers say Vista Bank ended up being conscious of RDAG check-kiting schemes.
“The two worked together, each taking advantage of the other’s misconduct, ” in line with the papers filed by Andrew Seger, the court appointed unique council. “Vista Bank President, John D. [Read more…] about ‘Vista Bank aided and abetted’ RDAG CFO’s fraud