ATLANTA - Recently released court papers reveal that Hector Juan Montes, a municipal investment banker fired in February by Howard Gary & Co., was convicted in April of a federal felony charge of bank fraud.

As spelled out in the plea bargain arrangement before the United States District Court for the Southern District of New York, Montes agreed that he had defrauded Bronx-based Capital National Bank in early 1990 in obtaining a loan to pay off debts owed Carmona Ferrand Montes Securities Corp.

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