More than $152 million in fines and restitution, and 38 convictions, related to bank fraud were achieved by the inspector general’s office of the federal bank deposit insurance agency over the six-month period of October 2025 through March 2026, the agency reported Tuesday.
According to its semiannual report to Congress (for 2025-2026), the office of inspector general (OIG) for the Federal Deposit Insurance Corp. (FDIC) said over the six-month period of the report, it secured 21 indictments/informations, 38 convictions, 38 arrests, and more than $152 million in fines, restitution ordered, and other monetary recoveries.
Cases involved included those involving harmful financial crimes by foreign nationals, business executives, an attorney, senior bank officials, former bank tellers, and a loan broker, among others, the report stated.
Also noted over the six-month period were reports issued that:
- Addressed improvements needed to determine cost benefits and organizational risks associated with the FDIC’s Student Residence Center, which provides lodging for FDIC employees and federal financial regulatory agency employees traveling to the Washington, D.C. metropolitan area to participate in courses and seminars offered by the agency and other training groups. A
- Identified control weaknesses in the FDIC’s contracting for infrastructure support services. The agency said $4.6 million in questioned costs and $2 million in funds to be put to better use were identified.
- An “in-depth review” of a failed financial institution where the OIG noted that the FDIC should consistently consider the presence and impact of dominant officials as part of the examination process and designate officials as such when appropriate and in accordance with FDIC procedures and guidance.
According to the OIG, it made a total of 12 recommendations to FDIC management in these reports.
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