Crime and misconduct

Ex-Fed employee admits to stealing bank stress-test data

03/19/21

A former Federal Reserve employee admitted to illegally taking documents, including bank stress test data, after deciding to leave the board, U.S. prosecutors said Friday.

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Manafort sued by bank that lent mortgage on his Hamptons home

03/17/21

Federal Savings Bank, the Chicago bank that lent millions of dollars to Paul Manafort under its founder and former longtime CEO, has now sued the former Trump campaign chairman and his wife, seeking to foreclose upon his mansion in the Hamptons.

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Bank CEO sought meeting with Trump while eyeing job, prosecutors say

03/08/21

Stephen Calk, who is scheduled to face trial in June on bribery charges, allegedly reversed course on whether to make a multimillion-dollar loan to Trump’s campaign chairman following the then-president-elect’s surprise victory in November 2016.

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Greek gang foiled after $14.4 million fraud attack on U.S. banks

02/04/21

A Greek-led organized crime group that stole more than $14.4 million from U.S. banks has been dismantled in a cross-border operation by three international law enforcement agencies.

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Former Comerica branch manager sentenced in elder fraud case

01/25/21

Marie Fulle was ordered to spend nearly three and a half years in federal prison and pay $1.09 million in restitution for stealing money from an elderly customer with dementia.

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How will SEC complaint affect banks’ relationships with Ripple?

12/29/20

The Securities and Exchange Commission last week accused Ripple of breaking securities laws, raising questions about the future of banks' ties with the company.

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Crypto firm co-founder gets year in prison over debit card scam

12/16/20

A co-founder of a cryptocurrency firm was sentenced to a year in prison after pleading guilty to tricking investors out of more than $25 million in an investment scam promoted with the help of celebrities including Floyd Mayweather and the musician DJ Khaled.

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