Greyhound blamed $21 million in losses on fraud.
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In a lawsuit against its insurers, the company charged that two officers of Greyhound Financial & Leasing, based in Switzerland, took kickbacks in return for approving loans to unqualified borrowers. Greyhound is seeking $20 million in reimbursement for its losses from Federal Insurance, Home Indemnity, Insurance Co. of North America and Fireman’s Fund.
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