David Paul and the Big Time Bank Fraud of the 1980s

David Paul and the Big Time Bank Fraud of the 1980s

David Paul, a prominent figure in the 1980s savings and loan crisis, was the head of CenTrust, a major financial institution in Florida. In 1990, federal regulators seized CenTrust Tower due to the bank's unsound financial condition, reporting significant losses. Paul was accused of draining millions from the failing institution, using the funds for personal expenses like life insurance premiums and lawn maintenance. Paul faced two separate trials. In 1993, he was convicted on federal fraud charges for misusing company funds and faced a potential 350 years in prison. However, in 1994, he pleaded guilty to 29 criminal charges, admitting to stealing $24 million from CenTrust and concealing its financial problems from regulators. Despite his crimes, Paul was released from prison in 2004 and passed away in January 2022 at the age of 82. Follow us on all the socials: Instagram: @howitallwentsouth TikTok: @howitallwentsouth YouTube: @howitallwentsouthpodcast And... get merch at Printify! Follow Sean Kipe: Instagram: @seankipeofficial Follow Jason Hoch: Instagram: @starexplorer How It All Went South is a twice weekly podcast series hosted by Sean Kipe and Jason Hoch. New episodes are published every Monday with an additional episode available early for subscribers on our Apple Podcasts channel every Friday. If you are a subscriber, you get all episodes ad-free. Reach us at howitallwentsouth@gmail.com (especially if you have an idea about a story we should cover) or leave a message for us at 470-682-1280 and we might use your message on a future show. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Jaksot(93)

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