WASHERN – In a shocking display of corporate greed, the Federal Deposit Insurance Corporation (FDIC) has released a list of enforcement actions against banks and individuals, exposing a staggering $1.6 billion in scams. The list, released in December 2024, reveals a pattern of deceit and corruption that has left taxpayers footing the bill.
The FDIC issued 16 orders, one Notice, and one adjudicated Decision and Order against banks and individuals in December 2024. The administrative enforcement actions in those orders consisted of six orders of prohibition; four orders terminating deposit insurance; one combined prohibition order and order to pay; one amended combined prohibition order and order dismissing order to pay; one consent order; one order terminating consent order; one Notice; and one Decision and Order.
But what’s even more disturbing is that despite the severity of the scams, not a single bank executive has faced jail time. The FDIC’s list of enforcement actions reveals a culture of impunity that has allowed these executives to walk free despite their role in perpetrating some of the largest scams in history.
The FDIC’s lack of enforcement has left many questioning the agency’s ability to hold corporate executives accountable for their actions. “It’s a joke,” said one bank regulator. “These executives are getting away with murder and the FDIC is just turning a blind eye.”
The FDIC’s December 2024 Enforcement Decisions and Orders can be viewed online by clicking on the link below.
December 2024 Enforcement Decisions and Orders
Contact:
LaJuan Williams-Young
Last Updated: January 31, 2025
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Key Facts
- Agency: FDIC
- Category: Fraud & Financial Crimes
- Source: Official Source â†â€â€ÂÂÂ
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