Labels:book | reckoner | sky | tree | windowpane OCR: which was to induce sales based on fraudulent assurances that the land pledged under an assessment lien' as col- lateral for the continuously be worth %091 of the amount the bonds. when in fact the collal teral was deficient and the purportedly conservative appraisal of it was grossly inflated. Central Bank provided critical assistance to the fraudu lent scheme by taking affirmative stcps to ensure that the shortage of collatcral and the defects of the appraj isal would bo hidden from plaintiffs and other potential Pnd chasers, a least until well after the bonds had beer 501d to the public, J.A 23-24 First Interstate's Amended Compla tint allcged that Central took thesc steps knowingly or recklessly, and thereby aided and abctted the develop T fraud in violation of 10(b) of the Securities ...
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