◼ This latest scandal involves a former Tarheels basketball player and a $21 million bank fraud scheme. - HotAir
◼ Democratic fundraiser convicted of engineering $21 million bank fraud scheme - NY Daily News
Courtney Dupree was convicted of vastly overstating the billings of his Long Island City-based lighting company GDC Acquisitions in order to fraudulently obtain a loan from Amalgamated Bank.
Dupree, 42, sat stone-faced as the verdict was read in Brooklyn Federal Court. He faces up to 30 years in prison and has to pay back at least $18 million. …
Dupree, who attended the elite Wharton School of Business, was a rainmaker in Democratic circles.
In 2008, Dupree hosted a $1,000-a-ticket fund-raiser for Barack Obama at his Broad St. apartment that was attended by top aide Valerie Jarrett.
His company counted NBC Universal and Goldman Sachs among its clients.
