People v. Kagan

Judgment, Supreme Court, New York County (Fraiman, J., after jury trial and verdict), rendered January 7, 1980, convicting defendants-appellants of numerous counts of misapplication of bank funds (Banking Law, § 673) and conspiracy in the third degree (former Penal Law, § 105.05) and imposing various monetary fines, affirmed. The central legal issue on this appeal involves the interpretation of the words “wilfully misapplies” in section 673 of the Banking Law, which makes it a felony for a bank officer or employee to willfully misapply any of the bank’s “money, funds or property *** or ***…