Robert W. Steinhardt, Bank Fraud, California 2020

WASHINGTON – In a shocking turn of events, the Federal Deposit Insurance Corporation (FDIC) has taken eight enforcement actions against bank executives in April 2024. The move comes as a major blow to the banking industry, with the FDIC seeking to hold those responsible for financial misdeeds accountable.

The eight enforcement actions include four consent orders, one prohibition order, one combined prohibition order and order to pay a civil money penalty (CMP), one order of approval of termination of insurance, and one CMP order. The Notice of Charges seeks a prohibition order, an order for restitution, and a CMP order.

According to sources, the FDIC issued the enforcement actions in response to alleged financial misconduct by bank executives. While the exact nature of the misconduct has not been disclosed, it is clear that the FDIC takes these actions very seriously.

Those affected by the enforcement actions include [redacted] bank executives, who will face intense scrutiny in the coming weeks and months. The FDIC has promised to release more information on the enforcement actions in the coming days.

The FDIC’s actions are a welcome development for those who have been calling for greater accountability in the banking industry. The move sends a clear message that those who engage in financial malfeasance will be held to account.

For more information on the FDIC enforcement actions, visit the FDIC’s website at www.fdic.gov.

Contact: LaJuan Williams-Young, FDIC, (703) 470-0201.

Last Updated: May 31, 2024.

MORE FEDERAL CRIME NEWS

White Collar Crime

Stephen Thomas, Tax Evasion, District of Columbia 2012

Sep 11, 2012

White Collar Crime

Verizon Communications, False Claims Act, District of Columbia 2023

Apr 5, 2011

White Collar Crime

John Chandler Propstra, Tax Evasion, Arizona 2023

Sep 13, 2019

White Collar Crime

Daniel Lee Lopez, Hazardous Waste Dumping, Colorado 2006

Nov 10, 2004