| 1. |
Why was mr.Gresham arrested |
|
Answer» Answer: NEW YORK, NOV. 9. The Federal Bureau of Investigation (FBI) today arrested John GRESHAM, president of the DBCD Bank, in connection with a CASE relating to misappropriation of depositors’ money. The fraud, which resulted in a bank crash, was exposed a few days ago, and has caused panic among the depositors. MR. Gresham was arrested from his residence in Long Island and later produced before the Special FBI Judge, who remanded him to FBI custody. The FBI spokesman, Mr. Hanley Davidson, told reporters here that Mr. Gresham was arrested on charges of STEALING the funds and fraudulently TRANSFERRING them to his benami accounts through forged documents. |
|