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WHECTV Created: June 29, 2021 09:41 PM
ROCHESTER, N.Y. (WHEC) A Greece woman is facing charges in a decade-long, multi-million dollar Ponzi scheme.
Derline Cunningham, 60, was charged with bank fraud and conspiracy to commit bank fraud.
Prosecutors say she worked as a bank branch manager at Bank of America and later at Citizens Bank, and one of her largest clients was Lucian Development, including Perry Santillo, Christopher Parris and several entities they are accused of controlling during the scheme.
During that time, prosecutors say Cunningham repeatedly lied to another bank about the extent of Santillo and Parris’s assets and that bank ended up extending millions of dollars of revolving credit to them.
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