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IN RE SCARPINITO

Bankruptcy No. 193-10478-353. Adv. No. 193-1287-353.

196 B.R. 257 (1996)

In re Joseph SCARPINITO, Debtor. STATEN ISLAND SAVINGS BANK, as successor in interest by merger to Gateway State Bank, a New York State Banking Institution, Plaintiff, v. Joseph SCARPINITO, Defendant.

United States Bankruptcy Court, E.D. New York.

June 3, 1996.

Attorney(s) appearing for the Case

Deutsch and Frey, L.L.P. by Herbert I. Deutsch, Geron & Corsano, L.L.P. by Yann Geron, New York City, for Plaintiff.

Camhy, Karlinsky & Stein, L.L.P. by John F. Triggs, New York City, Substituted Counsel for Defendant.

DECISION ON EXCEPTION TO DISCHARGEABILITY AND REVOCATION OF DISCHARGE

JEROME FELLER, Bankruptcy Judge.

Before the court is a bitterly contested adversary proceeding between implacable foes of long standing, a bumbling bank and a cunningly devious entrepreneur, Joseph Scarpinito. At the core of this dispute is a $1.4 million loan by the plaintiff, Gateway State Bank, to Mr. Scarpinito under what may be viewed in hindsight as ominous circumstances....

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