What was this guy thinking?
A former executive at the failed Bank of Clark County is scheduled to be sentenced today in Tacoma, Wash., for hiding information from Federal Deposit Insurance Corp. examiners.
David S. Kennelly, who was chief credit officer until he was fired in November 2008, pleaded guilty on Feb. 19 to a felony scheme to conceal a material fact. In his guilty plea, he admitted to hiding appraisals on 23 real-estate backed loans that revealed looming problems at the Vancouver-based bank. Federal prosecutors have asked U.S. District Court Judge Robert J. Bryan to sentence Kennelly to six months of incarceration, probation and a $10,000 fine
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