Number	16491
Subject	Banking
Source	Observer (Dallas)
State	TX
Year	2000
Publication Date	March 17, 2000
Summary	The Texas Observer takes a critical look at Carlos Hank Rhon, the Mexican owner of Laredo National Bank, and at how the bank is consistently running into problems. "It is evident that the real action in Washington, where the Federal Reserve Board is attempting to take Laredo National Bank from its owner...Attorneys in the Fed's enforcement division have built a detailed factual case again Hank Rhon, alleging that he played an elaborate shell game with bank share and lied about who owns Laredo National Bank."
Category	General
Pages	5
Keywords	Laredo National Bancshares vs. Richard Christopher Whalen;Bank Holding Company Act;Bank fraud/scandals
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