Monday, October 1, 2012
KY Man Charged In New York Bank Fraud
{Louisville, Kentucky}...Louisville businessman Wilbur Anthony Huff made an initial court appearance in Louisville Monday after being indicted in Manhattan on conspiracy to commit bank bribery, fraud and tax evasion. Prosecutors say the arrest was part two in an investigation in New York in a $100 million scheme that contributed to the collapse of a Park Avenue Bank. The government says Huff evaded more than $50 million in taxes owed to the IRS and diverted millions to pay for his homes, farm, designer clothing, jewelry and luxury cars. Defense attorney David Lambertus told a judge Huff would agree to stop conducting banking and investment business at least until he appears in court in New York on October 10th. Park Avenue Bank Senior Vice President Matthew L. Morris and New York investments executive Allen Reichman have also been indicted.