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U.S. v. OLSON

No. 86-1820.

825 F.2d 121 (1987)

UNITED STATES of America, Plaintiff-Appellee, v. Paul D. OLSON, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided June 23, 1987.

Attorney(s) appearing for the Case

C. Paul Bradley, Chicago, Ill., for defendant-appellant.

Vilija A. Bilaisis, Asst. U.S. Atty., Anton R. Valukas, U.S. Atty., Chicago, Ill., for plaintiff-appellee.

Before BAUER, Chief Judge, and COFFEY and EASTERBROOK, Circuit Judges.

BAUER, Chief Judge.

When confronted by national bank examiners with evidence that First Suburban National Bank of Maywood ("FSNB"), was in serious financial difficulty, FSNB's president and owner, Paul Olson, adopted a dubious rescue strategy which ultimately resulted in his conviction for conspiracy to misapply bank funds, 18 U.S.C. § 371, and misapplication of bank funds in violation of 18 U.S.C. § 656. In early January, 1982, national bank examiners from...

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