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FEDERAL DEPOSIT INS. CORPORATION v. SIRACO

Nos. 178-181, Dockets 21232-21235.

174 F.2d 360 (1949)

FEDERAL DEPOSIT INS. CORPORATION v. SIRACO.

United States Court of Appeals Second Circuit.

May 3, 1949.

Attorney(s) appearing for the Case

Hancock, Dorr, Ryan & Shove and John F. Gates, all of Syracuse, N. Y., for plaintiff.

Leon M. Layden, of Whitehall, N. Y., for defendant.

Before L. HAND, Chief Judge, and SWAN and FRANK, Circuit Judges.

SWAN, Circuit Judge.

The plaintiff is the receiver of The Poultney National Bank of Poultney, Vermont. The defendant was a depositor and customer of the bank who maintained five deposit accounts therein up to the time when its doors were closed on March 8, 1943. For several years before its closing the former cashier of the bank had fraudulently manipulated the defendant's accounts, as well as those of other depositors, so...

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