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Greed Goes on Trial

by Paul Bass | July 10, 2006 3:07 PM
Posted to Corporate Watch

peytonNewAlliance Bank isn’t a named party to a fraud trial that began in federal court in New Haven Monday. But the lawyer for an alleged scammer made clear in opening remarks that he’ll put on trial the actions of top execs of a “greedy, dishonest bank” (like CEO Peyton Patterson, pictured) who he said winked at a massive swindle in order to pocket millions themselves.