Furniture CFO pleads guilty to bilking $18 million from lenders
Norman D’Souza, the former chief financial officer and vice president of finance of a New Jersey-based furniture wholesaler and retailer and of sister-firm Echelon furniture manufacturing in Indiana, pled guilty to defrauding lenders to obtain $17 million in loans from a commercial bank based in New York City and $1 million in municipal loans from Gas City, Indiana.