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NY bank CEO settles criminal charges

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NY bank CEO settles criminal charges

Gold CoastBank Chairman and CEO John Tsunis was charged with forcibly touchinga woman in 2015, the Long Island Pressreported May 6. Tsunis subsequently reached a deal withprosecutors that will result in a dismissal of the criminal charges.

The CEO of the Islandia, N.Y.-based bank maintained his"not guilty" plea but agreed in 2015 to serve 70 hours of community serviceto gain the dismissal of the case, Tsunis' attorney, David Besso of Long TuminelloLLP, said in an interview May 9. "We had to really resolve this case as quicklyas we could, so we did," he said. "As a banker and a CEO there are manyfactors involved and we did what we considered to be the prudent thing even thoughhe was innocent." Tsunis has completed his community service.

Suffolk County Judge Karen Kerr agreed to an adjournmentin contemplation of dismissal and ordered that the executive surrender any weaponsto police and stay away from the home, school and place of employment of the victim,according to the Long Island Press. At a Dec.31, 2015, court appearance, the judge said the matter will be dismissed and sealedif Tsunis is not arrested for a crime between that day and June 23, 2016.

Besso, who responded to a request for comment directedto Gold Coast, said there are no implications for the bank or for his client's employment."It's a complete exoneration and any record of any proceedings will be expungedpursuant to New York law," he said.