Federal Deposit Insurance Corporation
Office of Inspector General

Clayton Real Estate Developer Sentenced

United States Department of Justice
United States Attorney’s Office, Eastern District of Missouri
PRESS RELEASE
Press Release

FOR IMMEDIATE RELEASE

Monday, May 14, 2018

Clayton Real Estate Developer Sentenced

St. Louis, MO – Michael Litz, 63, of Ladue, was sentenced today to 36 months in federal prison after pleading guilty to his role in a bank fraud scheme involving unlawful insider loans at Excel Bank.  The sentence was handed down by United States District Judge Audrey G. Fleissig who also ordered Litz to pay restitution in the amount of $5,048,003.67.

Former Currency Trader Indicted for Participating in Antitrust Conspiracy

United States Department of Justice
The United States Department of Justice
PRESS RELEASE
Press Release

Department of Justice

Office of Public Affairs

FOR IMMEDIATE RELEASE

Thursday, May 10, 2018

Former Currency Trader Indicted for Participating in Antitrust Conspiracy

A federal grand jury returned an indictment against Akshay Aiyer, a former currency trader at a major U.S. bank, for his alleged role in a conspiracy to manipulate prices in the foreign currency exchange (FX) market, the Justice Department announced today. 

Former Camargo Bank President Sentenced to Prison

United States Department of Justice
 The United States Attorney's Office, Western District of Oklahoma
PRESS RELEASE
Press Release

 

FOR IMMEDIATE RELEASE

Friday, May 4, 2018

 

Former Camargo Bank President Sentenced to Prison

OKLAHOMA CITY – Former First State Bank of Camargo President STEPHEN GREGORY WARD, 53, of Edmond, Oklahoma, has been sentenced to eighteen months in prison for conspiring to misapply bank funds, announced Robert J. Troester, Acting U.S. Attorney for the Western District of Oklahoma.

McHenry County Farmer Charged with Bank Fraud

United States Department of Justice
The United States Attorney's Office, Central District of Illinois
PRESS RELEASE
Press Release

 

FOR IMMEDIATE RELEASE

Wednesday, May 2, 2018

McHenry County Farmer Charged with Bank Fraud

URBANA, Ill. – A federal grand jury returned an indictment today that charges Timothy A. Cosman, 42, a McHenry county farmer, with bank fraud related to loans he obtained from Busey Bank in Champaign, Ill. A summons will be issued to Cosman to appear in federal court in Urbana for arraignment.

Former Head of HSBC’s Global Foreign Exchange Cash Trading Sentenced to 24 Months’ Imprisonment for Front-Running Scheme

United States Department of Justice
The United States Attorney's Office, Eastern District of New York
PRESS RELEASE
Press Release

FOR IMMEDIATE RELEASE

Thursday, April 26, 2018

Former Head of HSBC’s Global Foreign Exchange Cash Trading Sentenced to 24 Months’ Imprisonment for Front-Running Scheme

 

Mark Johnson Defrauded Client Out of Millions of Dollars by Misusing Confidential Information

Former Employee Of New Jersey Bank And Two Others Charged With Stealing Client Information And Funds

United States Department of Justice
 The United States Attorney's Office, Southern District of New York
PRESS RELEASE
Press Release

Former Employee Of New Jersey Bank And Two Others Charged With Stealing Client Information And Funds

FOR IMMEDIATE RELEASE

Thursday, April 12, 2018

 

Antoinette Mitchell-Brown, Seconey Brown, and Anthony Atkinson Attempted to Steal More than $700,000 from Bank’s Clients

Claims Administration System Functionality

On March 16, 2018, the FDIC Office of Inspector General issued a report on the functionality of FDIC’s Claims Administration System (CAS). CAS is a mission-critical system that FDIC personnel use to identify depositors’ insured and uninsured funds in failing and failed financial institutions. CAS’s capabilities affect the FDIC’s ability to pay deposit insurance claims in a prompt and accurate manner. We evaluated the extent to which CAS has achieved the FDIC’s performance expectations for capacity, timeliness, and accuracy in making insurance determinations.

Former Financial Advisor Sentenced to Two Years in Prison for Defrauding Client in Private Investment Scheme

United States Department of Justice
The United States Attorney's Office, Central District of Illinois
PRESS RELEASE
Press Release

FOR IMMEDIATE RELEASE

Monday, February 26, 2018

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