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Lance loan scandal widens after government action
Atlanta records show Bert Lance facing civil charges and possible criminal probes over loans and overdrafts at two Georgia banks he once ran. The SEC and the Office of the Comptroller of the Currency accuse him and bank officials of misreporting finances to benefit Lance and relatives. Lance’s camp denies personal gain while pledging cooperation and noting no proven wrongdoing. The case follows his 1980 resignation as budget director amid banking ethics controversy.
MENTIONED IN THIS ARTICLE
Atlanta
Bert Lance
Carter
Georgia
Lance
Australia
Securities and Exchange Commission
Office of the Comptroller of the Currency
U.S
National Bank of Georgia
First National Bank of
Calhoun
Office of Management and Budget
SEC
Calhoun Bank