Layton Stuart

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U.S. settles with deceased manÕ estate, recovers fraudulently obtained TARP funds

Oct 22, 2015By

The estate of Layton Stuart, the late president and owner of One Financial Corporation, will pay the U.S. government $4 million to settle a lawsuit that accused Stuart of defrauding the federal government out of $17.3 million from the Troubled Asset Relief Program. Before Stuart’s death in 2013, he allegedly used federal money to fund an extravagant lifestyle for himself and his family.