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U.S. v. STODDARD

No. 88-1063.

875 F.2d 1233 (1989)

UNITED STATES of America, Plaintiff-Appellee, v. Stanford C. STODDARD, Defendant-Appellant.

United States Court of Appeals, Sixth Circuit.

Decided May 26, 1989.

Attorney(s) appearing for the Case

James C. Mitchell, (argued) Asst. U.S. Atty., Office of the U.S. Atty., Detroit, Mich., for U.S.

E. Barrett Prettyman, Jr. (argued), Hogan & Hartson, Washington, D.C., for Stanford C. Stoddard.

Before WELLFORD and BOGGS, Circuit Judges; and SIMPSON, District Judge.

WELLFORD, Circuit Judge.

This case presents a difficult and troublesome set of facts concerning a conviction under 18 U.S.C. § 656 for misapplication of bank funds. Stanford C. Stoddard was president of the bank holding company that owned Michigan Bank-Midwest (Midwest). The government alleged that Stoddard selected property that the bank would lease, purchased the property indirectly, and leased it to the bank for excessive rents. About two months after the...

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