Feds: Bank chairman used bailout money to buy luxury condo - NBC News.com
"A bank chairman from Missouri pleaded guilty on Tuesday to lying about how he used bailout money given to banks during the 2008 economic crisis. Rather than using the federal funds to stabilize his small bank, court records say, the chairman spent about a third of the money on an oceanfront condo in Florida. Darryl Layne Woods, 48, of Columbia, Mo., could be sentenced up to a year in prison and may also have to pay a $100,000 fine. Lying to federal officials about how the money was spent is a misdemeanor crime. Court records do not say whether Woods will be charged with misusing the money, which came from the Troubled Asset Relief Program, or TARP."
Well, that's pretty disgusting.