In failed Bridgeport bank scandal, Washington Federal Bank for Savings client Edward H. Gobbo got out of $4 million owed by going bankrupt, then got millions more in loans
A month after Edward H. Gobbo got out of bankruptcy, Washington Federal Bank for Savings CEO John F. Gembara starting giving him millions more in loans, records show. When the bank went bust, Gobbo or his immediate family owed over $3.8 million on 27 residential loans, some years overdue.
Source: suntimes.com