Two of four key data elements were found “unreliable” in the federal bank deposit insurance agency’s system that is supposed to be error-free and that supports the agency’s supervision and insurance responsibilities, the agency’s inspector […]
Outdated practices for securing and managing mobile devices at the federal insurer of bank deposits has resulted in a series of control recommendations from an auditor brought in by the agency’s inspector general. According to […]
Convictions reached on multiple counts of bank fraud, guilty pleas by bank executives for stealing from their institutions, and recoveries from individuals who stole from a fund meant to help businesses pay their workers during […]
Five years in federal prison for a theft of more than $1 million from an elderly couple by a former Texas bank employee – plus forfeiture and restitution of more than $2.6 million – is […]
Two individuals were convicted of wire fraud and bank fraud, and another for conspiracy to commit mail fraud, in recent cases pursued by federal law enforcement with the cooperation of the Federal Deposit Insurance Corp. […]
A key insider in the now-defunct Excel Bank (Sedalia, Mo.) was sentenced to 68 months in federal prison and ordered to pay more than $5 million in restitution Tuesday for his actions, the Federal Deposit […]
Three recent partnerships between the federal insurer of bank deposits and federal law enforcement have resulted in a conviction, forfeiture of funds and charges of conspiracy to defraud a bank, the agency said Wednesday. In […]
Two actions in which the Federal Deposit Insurance Corp.’s (FDIC) office of inspector general (OIG) partnered with federal law enforcement have resulted in a recent conviction and a recent indictment, the office said Tuesday. In […]
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