‘Vista Bank aided and abetted’ RDAG CFO’s fraudulence

‘Vista Bank aided and abetted’ RDAG CFO’s fraudulence

Vista Bank CEO had luxury vehicle ‘side deal’ with RDAG

LUBBOCK, Texas (KCBD) – court papers filed Wednesday by the court appointed counsel that is special Debtors describe a ‘side deal’ between RDAG CFO Shane Smith and Vista Bank CEO John Steinmetz that supplied Steinmetz with steeply reduced leases for luxury cars. Although this had been taking place, court papers state Vista Bank ended up being conscious of RDAG check-kiting schemes.

“The two worked together, each taking advantage of the other’s misconduct, ” in line with the papers filed by Andrew Seger, the court appointed unique council. “Vista Bank President, John D. Continue reading “‘Vista Bank aided and abetted’ RDAG CFO’s fraudulence”