Former FDIC employee convicted of embezzling bank living will documents

A former senior employee of the Federal Deposit Insurance Corp. (FDIC) was convicted by a federal jury in Brooklyn, N.Y., Dec. 11 for stealing agency files on banks’ living will (resolution) plans and now faces up to 20 years in prison, the U.S. Attorney’s Office for the Eastern District of New York reported.

Allison Aytes had been a senior employee in the FDIC’s Office of Complex Financial Institutions in New York. The office was created following enactment of the 2010 Wall Street Reform and Consumer Protection Act to oversee the orderly bankruptcy of the largest banks and financial institutions.

The U.S. attorney’s office said that in August 2015, Aytes used her office computer to review listings for and apply for jobs with financial institutions that filed living wills with the FDIC. On Aug. 27, 2015, one day after being contacted about a possible position at one of the banks, she logged on to a secure FDIC database and printed living will information for that bank. On Sept. 16, 2015, Aytes resigned her position at the FDIC.

The office said a review of FDIC Data Loss Prevention software revealed that on her last day of work, Aytes copied numerous electronic files from the FDIC network to external USB drives, including living wills for U.S. banks where Aytes had been seeking employment.

Former Senior Employee at FDIC Convicted of Embezzling Confidential Documents