OCC bars former bank employee over action that cost bank about $688k

Action that led to a bank loss of about $688,000 is alleged in an order prohibiting a former staffer at the Philadelphia, Pa., lockbox facility for Wells Fargo Bank, N.A. (Sioux Falls, S.D.) from any future service in a federally insured institution, according to a release from the Office of the Comptroller of the Currency (OCC).

The agency said Thursday that Bahtia Greene, former associate operations processor at the facility, was prohibited for “misappropriating confidential information of bank customers and selling the information to a third party, resulting in fraudulent transactions and a loss to the bank of approximately $688,000.”

In an April consent order, the OCC said Greene misappropriated the data during the period from approximately October 2021 to January 2022. The order states that Greene’s misconduct “resulted in financial gain to Respondent and loss or risk of loss to the Bank and demonstrated personal dishonesty and willful or continuing disregard for the safety and soundness of the Bank.”

The OCC’s May enforcement actions release Thursday also noted three additional prohibition orders, one notice of charges, and two formal agreements with supervised institutions.

OCC Announces Enforcement Actions for May 2024