This is the first I've actually heard of anyone busted for misuse of bailout money. I think it was a given it would happen. Can't believe he can only get up to a yera.
n November 2008, during the depths of the financial crisis, Darryl Layne Woods, a bank executive in Missouri, applied to the United States Treasury for bailout money. His bank received $1 million.
Just days later, Mr. Woods used $381,000 of that money to buy a waterfront condominium in Fort Myers, Fla.
https://www.cnbc.com/id/100991958?__source=xfinity|mod&par=xfinity
n November 2008, during the depths of the financial crisis, Darryl Layne Woods, a bank executive in Missouri, applied to the United States Treasury for bailout money. His bank received $1 million.
Just days later, Mr. Woods used $381,000 of that money to buy a waterfront condominium in Fort Myers, Fla.
https://www.cnbc.com/id/100991958?__source=xfinity|mod&par=xfinity
