Opinion ID: 197346
Heading Depth: 2
Heading Rank: 3

Heading: Yeghian's Troubles.

Text: 18 Yeghian, a newcomer to APSB, applied for a loan of $2,930,000 in 1988 to fund the purchase of real property located in Providence, Rhode Island. Annarummo demanded a bribe of $20,000 (although the record is tenebrous as whether he approached Yeghian before or after the loan had been approved). In any event, Yeghian, using a corrupt lawyer as an internuncio, paid the bribe out of the loan proceeds. 19 Later that same year, Yeghian sought a loan of $1,400,000 to acquire and develop a parcel of real estate in Seekonk, Massachusetts. Once again, Annarummo demanded a bribe and received $22,909.52. 3 Both loans turned sour. The Bank's demise, the FDIC's entry onto the scene, the deterration of the bribes, and the indictment followed. 20 Yeghian pled guilty to one count of bank bribery. At sentencing, Judge Boyle imposed a ten-month prison sentence, a three-year supervised release term, a $10,000 fine, and a $50 special assessment. Rejecting a recommendation contained in the PSI Report, the judge ordered Yeghian to pay restitution in the sum of $2,213,654.74.