Robert Egan, the president of Mount Vernon Money Center (MVMC), and Bernard McGarry, the chief operating officer, were indicted in Manhattan federal court on charges of defrauding banks, other financial institutions, retailers, hospitals, and universities out of $50 million in funds that had been entrusted to MVMC.
Original post:
President and COO of New York Money Center Indicted in $50 Million Fraud Scheme
