Park Avenue Bank CEO Arrested for TARP Fraud

Manhattan, New York – Earlier today, the Federal Bureau of Investigation, along with five other government agencies, announced the arrest of Charles J. Antonucci, Senior, ex-CEO of Park Avenue Bank. Authorities say that Antonucci made fraudulent claims in an attempt to receive federal bailout funds from the Troubled Asset Relief Program (TARP). Antonucci is the first person ever charged with TARP Fraud.