David K. Drumm, the former head of Anglo Irish Bank, yesterday was ordered held at his extradition hearing in U.S. District Court in Boston, pending a bail hearing on Friday, the Boston Herald reported today. Drumm, who was arrested last weekend on a warrant to extradite him to Ireland, is facing 33 charges including seven counts of forgery — each carrying a maximum sentence of 10 years — false accounting, and conspiracy to defraud, which carries “a maximum sentence of an unlimited term of imprisonment,” according to the warrants originally issued in 2013 by a judge of the District Court in the Dublin Metropolitan District. Drumm resigned as chief executive of Anglo Irish Bank in 2009 amid a property loan debacle that resulted in the Irish government nationalizing the bank through a multi-billion-dollar bailout.
