Possumblog

Not in the clamor of the crowded street, not in the shouts and plaudits of the throng, but in ourselves, are triumph and defeat.--Henry Wadsworth Longfellow

REDIRECT ALERT! (Scroll down past this mess if you're trying to read an archived post. Thanks. No, really, thanks.)

Due to my inability to control my temper and complacently accept continued silliness with not-quite-as-reliable-as-it-ought-to-be Blogger/Blogspot, your beloved Possumblog will now waddle across the Information Dirt Road and park its prehensile tail at http://possumblog.mu.nu.

This site will remain in place as a backup in case Munuvia gets hit by a bus or something, but I don't think they have as much trouble with this as some places do. ::cough::blogspot::cough:: So click here and adjust your links. I apologize for the inconvenience, but it's one of those things.


Tuesday, October 29, 2002

Birmingham lawyer disbarred for fraud conviction
BIRMINGHAM, Ala. (AP) -- A Birmingham lawyer serving a prison term for a fraud conviction has been disbarred by the Alabama Supreme Court.

Allen Eugene Perdue Jr., 37, who was admitted to the state bar in 1998, pleaded guilty to defrauding Alabama Power Credit Union and SouthTrust Bank while working at both institutions.

He is serving a 41-month sentence at the federal prison in Talladega, and has been ordered to pay $237,457 in restitution. [...]

Federal prosecutor Ron Brunson said Perdue was a loan officer at the credit union in 1999 when he conspired with a car dealer to set up loans for customers with bad credit histories.

Instead of seeking approval for the loans from the credit union's loan committee members, Perdue processed the high-risk loans by forging committee members' signatures and initials, Brunson said.

Once the loans were approved, the car dealer gave Perdue kickbacks, Brunson said. Perdue took out about 20 loans in the scam from March to August 1999. [...]

When the credit union discovered the scheme, they fired Perdue, who later got a job at Colonial Bank, Brunson said.

While at Colonial Bank in 2000, Perdue secured personal information and Social Security numbers on several Colonial Bank customers, Brunson said. Perdue used the information to order credit cards from SouthTrust Bank, Brunson said. [...]

Perdue had the cards mailed to his church, where he was a deacon.

Video from security cameras at ATMs showed Perdue using the cards, Brunson said. Perdue's use of the cards cost the bank $55,000, Brunson said.
Quite a statement there--young lawyer, banker, church deacon--turning to a life of crime to bilk hundreds of thousands of dollars from small depositors, when the obvious alternative was going into politics. I guess some things are just too horrible to contemplate.


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