NY Senator: Bank Officials Need to Oust Former Fugitive from Bank Manager Job

A member of the Senate banking committee, Sen. Charles Schumer (D-NY), has called on bank regulators to "remove" a one-time fugitive and accused money launderer, Saad Shafi, from his job as the manager of a Los Angeles bank. Schumer was reacting to an ABC News investigation that found Shafi was able to get his job, and U.S. citizenship, despite fleeing the U.S. in 1988 after he was indicted in a case involving the BCCI bank and accusations the bank helped hide millions of dollars for...Full Story
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