Prohibitions were ordered against or agreed to by four workers of Truist Bank in Charlotte, N.C., in October for misappropriating funds related to coronavirus crisis loan programs, and for cashing bogus checks, the federal bank deposit insurance agency said Friday.
According to the Federal Deposit Insurance Corp. (FDIC) the prohibitions and notices were ordered against (or agreed to) by:
- Gina Battaglia, formerly known as Gina Sanchez Villalobos and a former senior relationship banker at Truist, for alleged misrepresentations in 2020 applications for Economic Injury Disaster Recovery loan (EIDL) and Paycheck Protection Program (PPP) loans, both under the Coronavirus Aid, Relief, and Economic Security Act, and using the proceeds for alleged impermissible purposes. Battaglia was also assessed a $15,000 civil money penalty (CMP).
- Deborah Joseph-Davis, a former teller coordinator at the bank, allegedly also misrepresented information in her EIDL application.
- Jennifer Williams, formerly known as Jennifer Forrestier, while working as a digital services project manager, also made misrepresentations in applying for an EIDL in June 2020. Williams consented to the prohibition order
- Alexi J. Rearick, a former part-time teller at the bank, allegedly cashed 13 fraudulent checks totaling about $69,000 from five client accounts during about a one-month period between 2021 and 2022. Rearick consented to the prohibition.
In other action, the FDIC also revealed a prohibition against a former Puerto Rico banker for allegedly misappropriating funds. The agency claimed that Diane S. Santiago Marcano, from November 2019 to April 2020, while working as an operations team leader for Oriental Bank, San Juan (at its Catano branch), misappropriated funds from the account of an elderly couple totaling about $23,000. Santiago consented to the prohibition.
Leave a Reply