CEO in Waters Case Has Troubled Past

ETHICS VIOLATIONS

Updated Apr. 24, 2017 6:07PM EDT / Published Aug. 11, 2010 4:43PM EDT

The chairman and CEO of OneUnited, the bank at the center of the ethics investigation against Rep. Maxine Waters (D-CA), has a troubled past himself. Not only has Kevin L. Cohee reportedly been arrested twice on sexual-assault and drug charges—although he has denied the arrests—the federal government also issued a "cease and desist" order to the bank due to his supposed living allowance that allowed him to live in a mansion. Cohee's bank purchased or leased luxury real estate for him—including an $880,000 condominium in Miami and a $26,250-a-month mansion in Santa Monica owned by Bruce Springsteen's drummer—and reportedly paid for his Porsche. Cohee promoted the bank as a responsible investor in minority communities, which Waters then helped promote in her district. Waters has described herself as a "professional and social" friend of Cohee.

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CEO in Waters Case Has Troubled Past