State investigates bank in Kinde Durkee fraud case
State banking regulators have launched an inquiry into how First California Bank handled numerous accounts controlled by Kinde Durkee, a longtime treasurer for prominent politicians who has been accused of fraud.
The California Department of Financial Institutions, which oversees state-chartered banks, “will examine documents and transactions related to the accounts,” said Alana Golden, a spokeswoman for the agency. She said the effort was “preliminary” fact gathering. “We are providing support to the investigation (by the FBI and Justice Department) by examining the accounts, ownership of the accounts and transactions,” she said in an email.
-- John Hoeffel and E. Scott Reckard, Los Angeles Times
ALSO:
Arnold Schwarzenegger to write memoir
Republicans file legal challenge to redistricting plan