Corporate Hall of Shame 2-12-07

Brownell is the third high-level official of D.C.-based Douglas Development who has been found guilty of felony charges. (...)

Between 1996 and 2004 Douglas Development made payments totaling more than $270,000 to a credit line account of Brownell at Potomac Valley Bank, where the funds were then used by him for personal purposes, according to the prosecutor. Those payments were disguised in the books of Douglas Development to appear as routine financial obligations of the company to the bank, the government says. (Washington Business Journal)