Federal law enforcement officials are investigating whether nearly
$90 million in bank loans to a Bohemia finance company were the object
of a "massive fraud," according to court records and sources familiar
with the case.
The investigation involves Oak Rock
Financial Llc, at 3900 Veterans Memorial Hwy., a commercial lending
company that often provides capital that other lenders would then loan
for transactions such as automobile and business-related purchases.
Last week, Israel Discount Bank of New York,
the lead institution of the five banks that have loaned as much as $90
million to Oak Rock, asked a federal bankruptcy court...
