Senior executives of the Federal Home Loan Bank of Dallas have been indicted for using funds from the organization to pay for personal expenses.
An announcement Thursday from the Department of Justice indicated that Terence C. Smith, Michael J. Sims and Nancy B. Parker have all been indicted.
Smith, 51, was the president and chief executive officer of FHLB Dallas from 2000 through September 2013, while Sims, 51, was the chief financial officer from 2005 through May 2014.
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From:: Financing