Vernon Bank organization
also: Vernon, Vernon Banks
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▶ 49:31
asset portfolio to $1 billion. One of them did in Texas. $50 million to $1 billion in like less than three years. And no one suspected anything until everybody they were doing. It was Vernon.…
▶ 50:05
Vernon is the name of it. Until everybody that they were doing business with that were much smaller started to fail. And one by one by one. And as the regulators are looking at it, they're like, yeah, they all have one bank in common. We pr…
▶ 51:33
big parties. They all had to have a fleet of aircraft. So we were in the middle of a huge, big drug operation. And every one of these banks seems to have a fleet of aircraft. Vernon had like seven aircraft and it was a stinking tiny little …
▶ 53:31
And the one house that we read about in Pete Bruton's book in Southern California, they were talking about having weekend parties there every weekend. So the Vernon Banks guy flies to California every weekend in one of his fleet of jets fro…
▶ 54:02
but he keeps upgrading his house. He's building his third house right now in the book. And these house parties that they have, they actually, one of the guys was arrested and convicted for providing prostitutes for these parties. And I just…