NEW YORK — The former president of a small Manhattan community bank on Monday became the first person accused of trying to defraud the federal bailout program.
Prosecutors also contend that Charles Antonucci Sr., stole so he could live a lavish lifestyle that included a Super Bowl junket.
He was arrested Monday.
Antonucci, 59, of Fishkill, was charged with self-dealing, bank bribery, embezzlement and fraud. The criminal complaint was filed in U.S. District Court in Manhattan. If convicted, he could face up to 260 years in federal prison.
Authorities said the rip-off targeted the New York State Banking Department, the Federal Deposit Insurance Corp. and the Troubled Asset Relief Program.
Antonucci resigned last year as president of The Park Avenue Bank, which is headquartered in Manhattan with four retail branches in Manhattan and Brooklyn. The bank was taken over by the FDIC on Friday and reopened Saturday as a new institution with its half billion dollars in assets protected, authorities said.
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