Crains New York Author: Unavailable Article Mentions
Mentioned, Wilbur RossMentioned, Ron Burkle Mentioned, Valerie Jarrett Mentioned, Thomas Foley Mentioned, Elle Magazine
(Bloomberg) - Two executives of a New York holding company that owned lighting and furniture dealers used false information to get $21 million in loans from Amalgamated Bank, a prosecutor said at the start of their trial Tuesday. Courtney Dupree, the former CEO of GDC Acquisitions in Long Island City, Queens, and Thomas Foley, a lawyer in Hoboken, N.J., who was the company's outside counsel and then became its chief operating officer, are charged with bank fraud, conspiracy and false statements. This is a case about lying to a bank to get money, Assistant U.S. Attorney David Woll told jurors Tuesday in federal court in Brooklyn. It is about telling lies over and over again in order to grab millions of dollars of the bank's money. Messrs. Du...(read more)
... (Bloomberg) - Two executives of a New York holding company that owned lighting and furniture dealers used false information to get $21 million in loans from Amalgamated Bank, a prosecutor said at the start of their trial Tuesday. Courtney Dupree, the ...
... WL Ross & Co. would each gain a 20% stake by investing $50 million each. The defendants also tried to get about $5 billion in funding from C3 Capital by submitting reports that inflated GDC's accounts receivable. C3 never gave GDC any money, accordi ...
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