Word: councillor
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Walsh also denied the two women's testimonythat they discussed the second mortgages with thecity councillor in meetings during November...
...City Councillor William H. Walsh has spent six weeks in the twelfth floor of the federal courtroom standing trial on 59 counts of bank fraud and conspiracy. Walsh allegedly masterminded a scheme to defraud Dime Savings Bank of New York of approximately $8 million...
Walsh, a fifth term city councillor, is accused of offering illegal "second mortgages" to attract enough buyers and rescue a comdominium project. The second mortgages were allegedly used to finance down payments, which in turn enticed people to purchase thecondos...
Walsh testified that two of his former businessassociates, A. Frances G. Schwartz and AnnJarosiewicz, were responsible for the illegalsecond mortgages. The city councillor said he hadgiven the two women full authority over firmbusiness in Taunton and other locations outsideCambridge...
Walsh testified that his family lived in abasement at 24 Hurl-but Street when he was born.The councillor said he has lived at that addressor in the apartment next door all his life...