Central Carolina Bank and Trust

Suspected investment fraudster Ralph Glen Hines was criminally indicted at the United States District Court for the Eastern District of North Carolina on June 6, 2002,Hines, who has multiple prior criminal convictions, was indicted on ten counts relating to an allegedly fraudulent scheme operated from November, 2000 to January, 2002. Hines is alleged to have defrauded $1.158 million from parties who are not named in the indictment, using his account at Central Carolina Bank and Trust, in Raleigh, North Carolina to handle funds.