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Phillip Truter, first VBS Mutual Bank convict was released on parole months ago
Manage episode 429008479 series 3361753
Phillip Truter, the first person to be sentenced for his role in the grand looting of VBS Mutual Bank, was released on parole, the Department of Correctional Services revealed. Truter, who was the doomed bank’s chief financial officer, admitted that he was part of the group of people who were involved in the massive theft of VBS Mutual Bank funds. In 2020, Truter was sentenced to 10 years in prison, with three years suspended.
GUEST: Singabakho Nxumalo, Department of Correctional Services Spokesperson
9291 episodes
Manage episode 429008479 series 3361753
Phillip Truter, the first person to be sentenced for his role in the grand looting of VBS Mutual Bank, was released on parole, the Department of Correctional Services revealed. Truter, who was the doomed bank’s chief financial officer, admitted that he was part of the group of people who were involved in the massive theft of VBS Mutual Bank funds. In 2020, Truter was sentenced to 10 years in prison, with three years suspended.
GUEST: Singabakho Nxumalo, Department of Correctional Services Spokesperson
9291 episodes
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