The office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced Monday that a former executive at U.S. Bank has pleaded guilty to bribery charges for accepting payment in exchange for steering business to a specific debt collection agency.
It is the latest action in the long-running Oxford Collection Agency/Pinto family case. Patrick Pinto, a former Oxford VP, was sentenced in September.
Oxford Collection Agency was a private debt collection agency with offices in New York, Pennsylvania, and Florida. Between 2007 and 2011, Oxford Collection Agency executives engaged in a multi-year scheme to defraud its lender, investors, and clients. Several Oxford executives, including at least three members of the controlling Pinto family, have been already been sentenced.
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