Bank of the Commonwealth

Another Norfolk developer charged in massive fraud

Wainwright

Eric Menden, a 53-year-old developer in downtown Norfolk, pleaded guilty Friday to a $41 million bank fraud and tax credit scheme that authorities say contributed to the failure of Bank of the Commonwealth.

Arrest made in $11 million tax credit scheme

madison

Using lessons learned from Justin French’s infamous scheme, state and federal authorities have charged a Norfolk developer with an $11 million tax credit fraud.