Whether local businessman Julius Everett “Bud” Johnson is a Ponzi schemer or not remains a toss-up, depending on which side of the case you ask.
State Corporation Commission
Regulators request turnaround plan from Va. Business Bank
At the request of state and federal regulators, Richmond-based Virginia Business Bank must submit a survival plan that assesses management and basic metrics and prevents the bank from lending more to borrowers who are behind on payments.