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Senior execs at Vanguard Funding sent to jail for embezzling $8.9 million

Dec 27, 2018By

The former chief operating officer and chief financial officer of New York-based lender Vanguard Funding will spend between 18 and 24 months in prison after admitting to embezzling more than $8.9 million from warehouse lines of credit that were meant to fund mortgages.

3d rendering of a row of luxury townhouses along a street

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