As he was at his job, reports Bloomberg, he began transferring money from Citigroup to his own private account at JPMorgan Chase. Eventually that totaled $23 million. He spent it on luxury sport cars and real estate.
In "U.S. v Foster," he agreed to a guilty plea for bank fraud and has been sentenced to 97 months in federal prison. Again we wonder was this tragedy just another case of the hunger for more. And/or did the guy also have a loose screw. According to accounts about convicted Ponzi schemer Bernie Madoff, when he was younger he felt less-than. Does a chip on one's shoulder wind up as a weapon against society?