California bank to pay $4 million to Democratic politicians defrauded by campaign treasurer

  • by: JULIET WILLIAMS , Associated Press
  • Updated: July 17, 2014 - 8:20 PM

SACRAMENTO, Calif. — A California bank that handled the accounts of a former campaign treasurer for several high-profile Democratic politicians has agreed to pay $4 million to settle a lawsuit alleging the bank should have known the treasurer was embezzling money, attorneys for the politicians and the bank said Thursday.

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