Another serious allegation against D’Alesandro was that he had received kickbacks from building developer Dominic Piracci on city contracts. Piracci’s account ledger included several payments totaling $11,000 to D’Alesandro which he later erased to keep the information from investigators. The developer later explained that the payments were legitimate loans to Mrs. D’Alesandro to finance her cosmetics business which since had been fully repaid, and he doctored the documents only “to save” the D’Alesandro family “from embarrassment and from further trouble” given a criminal investigation into his business practices. In April 1954 Piracci “was found guilty of conspiracy to defraud the city of $42,996 in connection with the construction of an off-street parking garage in Baltimore,” and also found guilty for “obstruction of justice in that he submitted to a Baltimore City Grand Jury a ‘completely phony’ ledger to conceal $35,000 in weekly payments to the Peoples Holding Corporation” whose officers “were also charged with conspiracy to defraud Baltimore City in an off-street parking garage contract.” Mrs. D’Alesandro testified on Piracci’s behalf at his criminal trial, and although she insisted the “loans” from Piracci were repaid there was no documentary evidence to corroborate that testimony. The supposed repayments were made in cash rather than by check. Mrs. D’Alesandro’s testimony may have saved her husband’s sorry ass from criminal liability but could not save his then-bid to become Maryland’s governor.
https://stateofthenation2012.com/?p=114132
I am having a very difficult time finding anything on the Peoples Holding Corporation
It seems like it has been erased from history
Piracci v. State, 115 A.2d 262 (Md. 1955)
https://www.courtlistener.com/opinion/2333315/piracci-v-state/
Haar and Winik negotiated for a loan agreement, and formed the corporation Baltimore Garages, Inc. of which they were the stockholders and principal officers. Piracci did business through a wholly owned corporation, Piracci Construction Co., Inc. For present purposes we will treat the individuals as the real parties in interest.
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