Federal Deposit Insurance Corporation
Office of Inspector General
Federal Deposit Insurance Corporation - Office of Inspector General

Top Management and Performance Challenges Facing the Federal Deposit Insurance Corporation

February 14, 2019
 

The Federal Deposit Insurance Corporation (FDIC) plays a critical role in maintaining the safety and soundness at financial institutions, and the stability of our financial system.  The agency insures more than $7.4 trillion in deposits at more than 5,400 financial institutions, and directly supervises approximately 3,500 of these banks. 

Security Configuration Management of the Windows Server Operating System

The Federal Deposit Insurance Corporation (FDIC) Office of Inspector General issued an audit report on the FDIC’s controls for managing security configurations and changes to its Microsoft Windows Server operating system.  At the start of 2018, the FDIC had 2,166 servers on its network running the Microsoft Windows Server operating system.  These servers store and process a significant volume of sensitive information and support mission-critical functions.    

Credit Union Employee Found Guilty of Fraudulently Obtaining Lines of Credit Worth over $2.7 Million for Her Online Boyfriend

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

FOR IMMEDIATE RELEASE

Tuesday, December 18, 2018

Credit Union Employee Found Guilty of Fraudulently Obtaining Lines of Credit Worth over $2.7 Million for Her Online Boyfriend

LOS ANGELES – An Orange County woman who used her position at a Hawthorne-based credit union to secretly open more than 25 fraudulent lines of credit for her online boyfriend, extending more than $2.7 million in credit to him, has been found guilty of 15 federal charges, including fraud and conspiracy.

Former Bank President Sentenced to Prison and Ordered to Pay $137 Million

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

FOR IMMEDIATE RELEASE

Monday, December 17, 2018

 

Former Bank President Sentenced to Prison and Ordered to Pay $137 Million

OKLAHOMA CITY – JOHN ARNOLD SHELLEY, 68, of Oklahoma City, has been sentenced to four years in federal prison for making a false statement to the Federal Deposit Insurance Corporation, announced Robert J. Troester of the U.S. Attorney’s Office.  He has also been ordered to pay over $137 million in restitution.

Former Senior Employee at FDIC Convicted of Embezzling Confidential Documents

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

FOR IMMEDIATE RELEASE

Tuesday, December 11, 2018

Vallejo Business Owner Sentenced For Multimillion Dollar Mortgage And Foreclosure Rescue Fraud Scheme

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

FOR IMMEDIATE RELEASE

Friday, November 2, 2018

Vallejo Business Owner Sentenced For Multimillion Dollar Mortgage And Foreclosure Rescue Fraud Scheme

SACRAMENTO, Calif. — Sergio Roman Barrientos, 64, of Poway, was sentenced today by U.S. District Judge Garland E. Burrell Jr. to 14 years in prison for conspiring to commit wire fraud affecting a financial institution and bank fraud, U.S. Attorney McGregor W. Scott announced.

Former Bank CEO, Financier, And Business Owner Indicted For Regulatory And Bank Fraud

United States Department of Justice
United States Attorney’s Office, District of New Jersey
PRESS RELEASE
Press Release

FOR IMMEDIATE RELEASE

Monday, October 29, 2018

Former Bank CEO, Financier, And Business Owner Indicted For Regulatory And Bank Fraud

NEWARK, N.J. – The former CEO of First State Bank, a financier, and a New Jersey business owner were indicted today by a federal grand jury for their roles in an elaborate scheme to deceive the Federal Deposit Insurance Corporation (FDIC) and to deceive and defraud the now defunct First State Bank (FSB), formerly located in Cranford, New Jersey, U.S. Attorney Craig Carpenito announced.

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