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Former Ocean Bank executive pleads guilty to accepting bribes

By  |  January 25, 2012

Danilo P. Perez, a former vice president of Ocean Bank, pled guilty to conspiracy to solicit or demand bribes to influence an employee of a financial institution. Perez accepted nearly $500,000 in cash, watches, Super Bowl tickets, and other items of value in exchange for approving letters of credit, loans, and overdraft privileges.

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    Perez also pled guilty to three counts of tax offenses for failing to report the bribes on federal income tax returns, which resulted in lost tax revenue of $91,000 to the federal government.

    Source: DOJ Press Release