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U.S. v. KWIAT

Nos. 86-2209, 86-2210 & 86-2288.

817 F.2d 440 (1987)

UNITED STATES of America, Plaintiff-Appellee, v. Wayne E. KWIAT, Edward J. McKeown, and Kevin D. Kehoe, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided April 28, 1987.

Attorney(s) appearing for the Case

George P. Lynch, Martin S. Argan, William J. Harte, Chicago, Ill., for defendants-appellants.

Bobbie McGee Gregg, Asst. U.S. Atty., Anton Valukus, U.S. Atty., U.S. Atty's. Office, Chicago, Ill., for plaintiff-appellee.

Before COFFEY, FLAUM, and EASTERBROOK, Circuit Judges.

EASTERBROOK, Circuit Judge.

Edward McKeown and a group of his friends bought 60% of the stock of the First Security Bank of Glendale Heights, Illinois, on December 31, 1981. First Security (the Bank) is chartered by Illinois, and its deposits are insured by the Federal Deposit Insurance Corp. (the FDIC). James R. Elliott, a successful real estate agent, and Kevin Kehoe, Elliott's business associate, were among the investors in the McKeown group. Elliott bought the...

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