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Sucks to Be Dave Foley...
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drventure:
Doh!

And that, my friends, is why I'm not a lawyer  :D
Well Fed Games:
I thought you meant Dave Foley http://www.imdb.com/name/nm0004929/, but I guess after being in the Postal movie, he deserves whatever he gets...
Kangum:
wow 2,624,475 dollars in loans when he wasnt even employed by them anymore. did i read that right. geeze.
BadMouth:
He was still employed when the application was filled out and submitted.

It's Bank of America.  I have no sympathy for them.
I hope he used the proceeds to pay off smaller creditors (vendors, business partners, credit unions).
drventure:

--- Quote from: BadMouth on January 10, 2012, 02:17:35 pm ---He was still employed when the application was filled out and submitted.

--- End quote ---

I don't have a lot of love for BofA either, but that's not what the USDJ article said.

"Foley had been fired from his job by the time the loan applications were submitted.  Foley admitted that he instructed a co-defendant to contact Countrywide Home Loans to falsely confirm his continued employment, after his employment had been terminated and prior to receiving the funds."

My emphasis.
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