Court of Appeals for the Third Circuit May 15, 1978, 77-1793 (United States v. William F. Schoenhut, Jr)

OPINION OF THE COURT

ROSENN, Circuit Judge.

In response to a lack of public trust in banking fostered during the Great Depression, Congress enacted legislation to protect the integrity of federally insured banks. Criminal penalties were included in this legislation to prevent actions of bank officers and other employees contrary to the public interest. The defendant, William F. Schoenhut, Jr.