Banker linked to 1980s S&L scandal dies after jumping off Tampa International Airport garage

Source: St. Petersburg Times

TAMPA — One of the leading figures of the savings and loan scandal of the 1980s jumped to his death from a parking garage at Tampa International Airport last week.
Michael Wise, 64, leaped from the ninth floor of the garage in the early afternoon of April 8. The Hillsborough County Medical Examiner's Office ruled the death an apparent suicide. It's unclear why Wise jumped.

Wise came to St. Petersburg earlier this decade to get a fresh start in the mortgage business.
Wise was a former Kansas clothing salesman who became best known as the chairman of Silverado Banking in Denver, where Neil Bush (brother of former President George W. Bush and former Florida Gov. Jeb Bush) was one of the directors and former Tampa Palms developer Kenneth Good was a major borrower. The institution's collapse in 1988 cost taxpayers $1 billion.

As a result, Wise was barred from the banking industry for life even though he was acquitted of charges that he used a $500,000 Silverado loan for personal expenses.
He moved on to Aspen, where he was accused of stealing $8.7 million from investors in a mortgage business, Cornerstone Private Capital. He pleaded guilty in 1999 and was sentenced to three years in federal prison in Leavenworth, Kan.
After being released, Wise went to work for Nations Holding Co., a Kansas company that owns CFIC Home Mortgage.

The St. Petersburg-headquartered mortgage company where Wise landed lost its right to do business in Georgia and was investigated in Florida. One of its problems: employment of felons, which some states don't allow.

Read more: http://www.tampabay.com/news/business/article992277.ece

That's bad.

Borrowers Betrayed: Miami Herald Investigative Series


It will take years to get to the bottom of this grand robbery, if ever.


And, as we see once again, the BFEE is always lurking, just in the shadows.

Besides the guy's impaired learning curve, that is.
What was going on that led to his death at this point in time?
Seems he managed to survive a string of illegal activites up to now.

the final ghastliest thing he couldn't live through? Would love to know.

:shrug:

If being a convicted felon and doing time in prison doesn't drive you to suicide to begin with, why would getting caught in another scam bother you?

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coming out about disclosures that have some wealthy in a panic.

Tin-foil hat time. There have been so many convenient suicides in recent years. With the S&L crisis back in the news, who knows what information died with Wise.

one that was higher?

If there is evidence that he was pushed off by someone wanting to get even, I wouldn't be surprised.

"He's in the car."

On a side note: I wouldn't mind seeing this story a few more times: BofA President, Citigroup President, Former Lehman Bros President, etc

Maybe this will start a trend?

mark

And wtf do they mean he couldn't be in banking but he could be in mortgages????? EXCUSE ME?

"And, um, let me just add, just because the BFEE is notoriously in bed with the Moonies does not mean you DU creeps should start speculating about that web of entanglement in this, um, unfortunate, um, case, nor does this have anything to do with underage hookers and stuff. As always, we BFEEers have 'family values' and shit like that, so we are, um, innocent and stuff. Smirk."

- Neil 'Silverado Skank' Bush

oh ouch!

no sympathy for this tool.

Stop shitting around with the tea bags, and JUMP YOU FUCKERS!


What?


Too soon?

That goes in my "S&L:Where are they now" file