Lawsuit: Businessman says banks aided investor in $9M fraud
SHREVEPORT, La. (AP) — A Louisiana man’s lawsuit says two banks helped an investor defraud him out of $9.4 million in a Ponzi scheme.
KTBS-TV reports Shreveport businessman Byrum Teekell is suing David deBerardinis, PlainsCapital Bank, of Dallas, and Citizens National Bank, of Bossier City.
The lawsuit says PlainsCapital gave deBerardinis a $29 million loan and Citizens gave him $5.5 million “despite internal misgivings.” It says two loan officers received kickbacks off the loans that allowed deBerardinis to perpetuate his scheme.
PlainsCapital says it’s a victim of deBerardinis and also is suing him. Citizens didn’t respond to comment requests as of Friday.
Seven different lawsuits have been filed against deBerardinis, who also is charged with defrauding investors and banks out of $96 million.
His trial is on hold pending a mental evaluation.
Information from: KTBS-TV, http://ktbs.com