Today it was revealed that Carl Weir, King of Calia, had embezzled money to the tune of $6 billion. The fraud happened when he was CEO of the Tycuflux Business Bank. It was a medium bank, and he did a massive advertisement campaign to get people to save their money at his bank. Millions of people flocked to Tyculfux Business Bank. He ordered the savings officer of his bank to tell the depositors to make their checks to the Tycuflux Business Bank, not themselves. He raked in over $5 billion. Businesses were also affected. Businesses borrowed money at a favorable rate. At the time, The Upper Throneworlds sector required bank CEOs to authorize all loan payments. Weir failed to authorize payments, and cost businesses over $1 billion in foreclosed property and increased interest payments. He will go on trial for fraud and embezzlement.
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