TierOne trial spotlights victim who lost money and her job in bank's collapse

[Omaha Steve]

Source: Omaha World Herald

By Russell Hubbard

LINCOLN — U.S. prosecutors on Thursday put a human face on the collapse of TierOne Bank during the federal criminal trial of ex-Chief Executive Gil Lundstrom.

Judith Klinkman, a longtime bank employee, testified that she was encouraged to buy stock in the company’s 2002 initial public offering. She said the other 750 employees at what was once Nebraska’s second-largest bank also were encouraged to buy.

“By who?” asked U.S. Prosecutor Rush Atkinson.

“The executives,” replied Klinkman, who was Lundstrom’s secretary, as well as the company’s assistant secretary, a high administrative position responsible for tasks such as compiling the minutes of board meetings.

FULL story at link. If you have not been following this in GD, these are also at the link.

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Read more: http://www.omaha.com/money/tierone-trial-spotlights-victim-who-lost-money-and-her-job/article_2aa7ab3a-7e60-11e5-842c-2f6b5a627f86.html

[mtasselin]

1. If only

If only we had a department of justice that was really concerned about real justice. This all starts and stops at the presidents desk he tells the justice department who not to go after so not to upset his donors. Afterall they gave him the money just like they gave Clinton the money back in the early 90's. If America was only more like the scandinavian countries where they represent the people.

[BlueJazz]

2. True. also, the sad thing is we put people in prison for stealing from stores and allow the big..

... thieves to vacation at Palm Beach..

[Hoppy]

3. That's why we need to elect Hillary.

We don't want to upset our owners.