Decades before Rick Blangiardi began his run for Honolulu mayor, he took part in financial schemes in Hawaii and Kansas that led him to file for bankruptcy and landed the scams ringleaders behind bars.
The former television executives involvement got the attention of the Federal Deposit Insurance Corp., or FDIC, which sued him and others in 1985.The case was reported by local media at the time but hasnt been reexamined since he announced his candidacy for public office.
Blangiardi says he was an unwitting pawn in a scam and that his testimony helped put those who orchestrated it in jail.
It was a very scary time in my life, he said in a recent interview with Civil Beat. We were the victims here, not the perpetrators.
First-time mayor…
Read the full article at: https://www.civilbeat.org/2020/07/how-rick-blangiardi-got-caught-up-in-a-1980s-bank-fraud-scheme/
