Financial crimes

Banks happy to let cardholders buy weed online, lawyers say

03/23/21

Lawyers defending two men accused of defrauding banks into processing pot purchases said banks including Citigroup and Bank of America were happy to look the other way when customers used their credit and debit cards to buy marijuana online.

]]

[more]

NCUA bans ex-NYPD officer who embezzled from Municipal Credit Union

02/26/21

The regulator issued a prohibition order to Joseph Guagliardo, who admitted to taking more than $400,000 from the New York City-based institution over the course of nearly a decade.

[more]