News Releases

• November 14, 2022

  Riverside County Man Sentenced to 8½ Years in Prison for Stealing Over $6.6 Million in COVID-19 Loans Intended for Small Businesses

• November 10, 2022

  Grand Jury Charges a Dozen New Bank Fraud Counts Against Former St. Bernard Parish Assistant District Attorney and Two Associates

• October 18, 2022

  Justice Department Announces New Charges, Convictions, and Sentencings in Ongoing Initiative Targeting Pandemic Relief Fraud

• September 26, 2022

  Somerset County Woman Admits $1 Million Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme

• September 15, 2022

  Jefferson City Man Indicted in $27.1 Million Bank Fraud Scheme

• September 15, 2022

  South Florida U.S. Attorney's Office to Lead COVID-19 Fraud Strike Force Team Against Pandemic Relief Fraud

• September 13, 2022

  Chief Credit Officer Admits to Conspiracy to Defraud First NBC Bank

• August 29, 2022

  Naples Felon Pleads Guilty to $2.6 Million COVID-Relief Fraud Scheme

• August 23, 2022

  Florida Man to Plead Guilty to $2.5 Million COVID-Relief Fraud

• August 19, 2022

  North Las Vegas Felon Pleads Guilty to Unlawful Possession of Ammunition and COVID-19 Relief Fraud Scheme

• August 18, 2022

  Rocklin Business Owner Sentenced to 10 Years in Prison for Embezzling from His Employer and, While Awaiting Sentencing, Defrauding Banks

• August 4, 2022

  Las Vegas Felon Sentenced to Prison for Unlawful Possession of a Stolen Firearm and COVID-Relief Fraud

• August 2, 2022

  Bank Executive Vice President Admits to Conspiracy to Defraud First NBC Bank

• August 2, 2022

  Riverside County Man Pleads Guilty to Federal Criminal Charges for Fraudulently Obtaining $6.6 Million in COVID-Relief Business Loans

• July 25, 2022

  Brockton Man Charged With Fraudulently Obtaining Over $1.5 Million in COVID-Relief Funds

• July 25, 2022

  CEO of Titanium Blockchain Pleads Guilty in $21 Million Cryptocurrency Fraud Scheme

• July 22, 2022

  Florida Man Charged With $1.6 Million CARES Act Loan Fraud Scheme

• July 15, 2022

  Coweta Man Who Fraudulently Obtained Almost $200,000 in Loans From the Small Business Administration Pleads Guilty

• July 11, 2022

  OIG Closing of 22-0028-I Board Trading Activity

• July 7, 2022

  Woodford County Man Sentenced to 42 Months for Fraudulently Obtaining COVID Relief Loans

• June 30, 2022

  Justice Department Announces Enforcement Action Charging Six Individuals With Cryptocurrency Fraud Offenses in Cases Involving Over $100 Million in Intended Losses

• June 28, 2022

  Former Warren County Businessman Admits Fraudulently Obtaining $1.8 Million in COVID-19 Loans Meant for Small Businesses

• June 17, 2022

  Owner of Tech Services Company Sentenced to More Than Three Years in Prison for $13 Million COVID-Relief Fraud Scheme

• June 17, 2022

  Couple Who Fraudulently Obtained Almost $743,000 in Paycheck Protection Program Loan Scheme Pleads Guilty in Federal Court

• June 9, 2022

  Woman Sentenced for Leading a Paycheck Protection Program Loan Scheme

• June 8, 2022

  Las Vegas Man Sentenced to Prison for Committing COVID Relief Fraud While on Pretrial Release

• June 8, 2022

  Florida Man Arrested for $2.5 Million COVID-Relief Fraud

• June 7, 2022

  New York and Florida Resident Sentenced to 51 Months in Prison for $6.8 Million Paycheck Protection Program Fraud Scheme

• May 26, 2022

  California Couple Charged With Defrauding Paycheck Protection Program

• May 23, 2022

  Owasso Man Sentenced to 4 Years in Prison for Applying for Paycheck Protection Program Loans Under False Pretenses

• May 17, 2022

  Pennsylvania Man Charged With $1.7 Million Paycheck Protection Program Loan Fraud Scheme

• May 12, 2022

  Rocklin Business Owner Pleads Guilty to Defrauding Banks While Awaiting Sentencing on Other Fraud and Money Laundering Charges

• May 9, 2022

  Orange County Man Sentenced to 2 1/2 Years in Federal Prison for Fraudulently Obtaining $1.5 Million in COVID-Relief Loans

• April 22, 2022

  Naples Felon Indicted for COVID Relief Fraud

• March 10, 2022

  Las Vegas Man Pleads Guilty to Committing COVID Relief Fraud While on Pretrial Release

• March 1, 2022

  CEO of Payment Protection Program Lender MBE Capital Arrested in Connection With Fraudulent Loan and Lender Applications

• February 25, 2022

  Winchester Man Convicted of COVID-Relief Fraud

• January 31, 2022

  Somerset County Woman Charged With $1 Million Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme

• January 27, 2022

  Somerset County Man Charged With $860,000 Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme

• January 20, 2022

  Edmond Woman Pleads Guilty to Cares Act Main Street Lending Program Fraud

• January 12, 2022

  Two Loan Brokers and One Bank Loan Officer Charged in Bank Fraud Scheme

• December 16, 2021

  Three Middlesex County Individuals Charged With $2.1 Million in Paycheck Protection Program Fraud and Economic Injury Disaster Loan Fraud Schemes

• December 16, 2021

  Woodford County Man Pleads Guilty to Wire Fraud in Connection With Fraudulently Obtained COVID Relief Loans

• December 13, 2021

  Grand Jury Charges Former St. Bernard Parish Assistant District Attorney and Two Associates With Bank Fraud and Money Laundering Offenses

• December 8, 2021

  Three Coconspirators in a Paycheck Protection Program Loan Scheme Plead Guilty

• November 19, 2021

  Owasso Man Convicted for Applying for Paycheck Protection Program Loans Under False Pretenses

• November 18, 2021

  Four Executives Plead Guilty to Fraud Scheme That Caused Over $4.5 Million in Losses to the Small Business Administration

• November 4, 2021

  Acting U.S. Attorney Chase Announces the Arrest of Three Beulah, ND, Men for Committing Financial Crimes While Employed at North Dakota Banks

• October 15, 2021

  Former McKinney Man Indicted for COVID-19 Relief Fraud

• October 13, 2021

  New York and Florida Resident Admits to $6.8 Million Paycheck Protection Program Fraud Scheme

• September 24, 2021

  Two Former Employees at New York Branch of Major Bank and an Accountant Charged With Cares Act Loan Fraud

• August 6, 2021

  Tulsa Man Sentenced for Applying for Paycheck Protection Program Loans Under False Pretenses

• June 1, 2021

  Broken Arrow Man Sentenced to Federal Prison After Fraudulently Applying for Paycheck Protection Program Forgivable Loan

• May 20, 2021

  Former Managing Director and Two Former Loan Officers Plead Guilty for Roles in Widespread Bank Fraud Scheme

• May 19, 2021

  Two North Bay Brothers Plead Guilty to Separate but Similar Pandemic Relief Fraud Schemes Netting Over $2 Million

• May 12, 2021

  Florida Man Sentenced After Fraudulently Obtaining $3.9 Million in PPP Loans

• May 6, 2021

  New York and Florida Resident Charged With $3.8 Million Paycheck Protection Program Fraud Scheme

• May 6, 2021

  Man Pleads Guilty to Applying for a Paycheck Protection Program Loan Under False Pretenses

• April 22, 2021

  Two Texas Men and One Oregon Man Charged With Fraud Scheme to Obtain Over $14 Million in COVID-Relief Loans

• April 12, 2021

  Tulsa Couple Plead Guilty to Bank Fraud After Applying for Paycheck Protection Program Loans Under False Pretenses

• March 26, 2021

  Southern District of Florida Takes Sweeping Action Against CARES Act Fraud

• March 19, 2021

  Former Employee of Federal Reserve Board Pleads Guilty to Theft of Government Property

• March 3, 2021

  PRAC Releases Virtual Stakeholder Listening Forum With Experts on Housing

• March 2, 2021

  Former Bank CEO Sentenced to Prison for Falsifying Bank Records, Misappropriating More Than $1.6 Million

• March 2, 2021

  Broken Arrow Man Pleads Guilty to Fraudulently Applying for Paycheck Protection Program Forgivable Loan

• February 17, 2021

  PRAC Releases Virtual Stakeholder Listening Forum with Experts Representing Borrowers and Small Business

• February 10, 2021

  Man Purchased Lamborghini After Receiving $3.9 Million in PPP Loans

• February 4, 2021

  Federal Grand Jury Indicts Two Brothers for Allegedly Defrauding the Payroll Protection Program

• February 4, 2021

  PRAC Releases Virtual Stakeholder Listening Forum with Experts from the Banking Industry

• January 29, 2021

  Grand Jury Returns Superseding Indictment Charging First NBC Bank Executives and a Borrower With Bank Fraud and False Statements

• December 18, 2020

  Two Men Charged After Fraudulently Applying for Paycheck Protection Program Loans

• December 10, 2020

  Former Bank President Sentenced For Embezzlement

• November 19, 2020

  Warren County Businessman Arrested for Fraudulently Obtaining Nearly $2 Million in Loans Meant to Help Small Businesses During COVID-19 Pandemic

• November 16, 2020

  Former CEO of Crown Bank Sentenced to Prison for Fraud and Tax Offenses

• October 28, 2020

  Former Federal Reserve Employee Charged With Wire Fraud in Connection With Alleged Disability Fraud Scheme

• October 23, 2020

  Costa Rican Living in El Paso Indicted for Fraudulent Lottery Scheme—Stole More Than $1 Million from Unsuspecting Individuals

• October 2, 2020

  East Bay Man Charged With Alleged Multimillion Dollar Payroll Protection Program Fraud

• September 17, 2020

  Hotel Owner Pleads Guilty to Conspiring with Bank President to Defraud First NBC Bank

• September 10, 2020

  New York Brothers Charged With COVID-Relief Fraud

• September 2, 2020

  Developer Admits to Conspiring with First NBC Bank President to Defraud First NBC Bank

• September 2, 2020

  Former Bank President Pleads Guilty to Embezzlement

• August 26, 2020

  Developer Admits to Working with Bank Executives to Defraud First NBC Bank out of over $123 Million

• July 27, 2020

  Florida Man Who Used COVID-Relief Funds to Purchase Lamborghini Sports Car Charged in Miami Federal Court

• July 23, 2020

  Former Smartbank Vice President of Loan Operations Sentenced for Embezzlement Scheme

• July 15, 2020

  Winchester Man Charged with COVID-Relief Fraud

• July 10, 2020

  Three First NBC Executives Indicted for Fraud against Failed $5 Billion Bank

• July 9, 2020

  Developer Charged with Conspiracy to Defraud First NBC Bank over $6 Million

• July 1, 2020

  Developer Charged with Conspiracy to Defraud First NBC Bank out of over $123 Million

• June 22, 2020

  Winchester Man Charged with COVID-Relief Fraud

• June 15, 2020

  New Orleans Hotel Owner Charged With Conspiracy to Defraud First NBC Bank

• June 2, 2020

  Coronavirus Pandemic Oversight Challenges

• May 26, 2020

  Pandemic Response Accountability Committee Announces Public Forum on June 3

• April 27, 2020

  Pandemic Response Accountability Committee Names Executive Director; Launches Website

• April 1, 2020

  Additional Inspectors General Designated as Members of CIGIE's Pandemic Response Accountability Committee

• February 21, 2020

  Wells Fargo Agrees to Pay $3 Billion to Resolve Criminal and Civil Investigations Into Sales Practices Involving the Opening of Millions of Accounts Without Customer Authorization

• February 18, 2020

  Employee at Mortgage Company Sentenced to 46 Months in Prison for Illegally Accessing Computer to Steal $2 Million

• July 30, 2019

  New Orleans Business Owner Pleads Guilty to Conspiracy to Defraud First NBC Bank

• July 2, 2019

  Bank General Counsel Pleads Guilty to Conspiracy to Defraud First NBC Bank

• March 22, 2019

  Bank General Counsel Charged With Conspiracy to Defraud First NBC Bank

• December 19, 2018

  Court Sentences Former Wilmington Trust Chief Credit Officer and Controller to Imprisonment

• November 26, 2018

  Fred W. Gibson, Jr., Selected Deputy Inspector General

• November 19, 2018

  Manhattan U.S. Attorney Announces Criminal Charges Against Société Générale S.A. for Violations of the Trading With the Enemy Act

• June 5, 2018

  Former President and CEO of Coastal Bank & Trust Sentenced for Bank Fraud Conspiracy and Obstruction

• May 4, 2018

  Statement From Mark Bialek on Guilty Verdicts of Four Former Wilmington Trust Executives

• February 5, 2018

  Thackerville Woman Pleads Guilty to False Bank Entries

• November 14, 2017

  Former President and CEO of Farmer’s Exchange Bank Sentenced to Prison

• October 10, 2017

  Statement of Acting U.S. Attorney David C. Weiss on the Wilmington Trust Corporation Settlement

• September 28, 2017

  Former Bank President Indicted for Stealing From His Own Bank

• September 25, 2017

  Final Defendant Sentenced in Pierce Commercial Mortgage Fraud Investigation

• April 4, 2017

  Statement From Mark Bialek, Inspector General for the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau, Concerning September 2012 FOMC Meeting Information

• March 17, 2017

  Former Jackson County Loan Officer Sentenced to 18 Months in Prison for Bank Fraud Affecting Call Report Accuracy

• January 30, 2017

  Statement of Mark Bialek, Inspector General for the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau, on Sentencing of Former Federal Reserve Board Employee

• January 23, 2017

  NOVA Bank Founder Sentenced to Prison

• November 17, 2016

  Federal Reserve's Office of Inspector General Releases Report on Supervisory Decisionmaking Practices for Large Financial Institutions

• November 14, 2016

  Bank CEO Sentenced To Prison

• July 12, 2016

  Former Bank President and CEO of Farmers Exchange Bank Indicted in Federal Court for Bank Fraud, Embezzlement, and Obstruction

• May 25, 2016

  Former Bank CEO Sentenced to 18 Months for Obstructing an Examination by the Federal Reserve Board

• April 27, 2016

  Jury Delivers Guilty Verdicts in Fraud Scheme to Secure Bailout Funds

• March 17, 2016

  Former Senior Analyst at the Federal Reserve Bank of Chicago Pleads Guilty to Stealing Sensitive Financial Data

• February 10, 2016

  Manhattan U.S. Attorney Announces Criminal Charges Against Owner of $161 Million Fraudulent Internet Payday Lending Enterprise

• January 27, 2016

  Former D’Hanis State Bank President Sentenced to Federal Prison

• January 6, 2016

  Statement of United States Attorney Charles M. Oberly, III, Regarding Indictment of Wilmington Trust Corporation

• November 5, 2015

  Former Investment Bank Associate Pleads Guilty in Manhattan Federal Court to Theft of Confidential Information From the Federal Reserve Bank of New York

• November 4, 2015

  Former Employee of Federal Reserve Bank of New York Pleads Guilty in Manhattan Federal Court to Theft of Confidential Information From the Federal Reserve

• October 7, 2015

  Dover Developer Sentenced to a Year and a Day Imprisonment in Bank Fraud Conspiracy Case

• September 1, 2015

  Former United Commercial Bank Chief Credit Officer Sentenced to Over Eight Years for Felony Fraud Conviction

• August 5, 2015

  Former Executives of Wilmington Trust Indicted for Conspiracy and False Statements

• July 30, 2015

  Former Bank CEO Pleads Guilty to Obstructing an Examination by the Federal Reserve Board

• June 9, 2015

  Former D'Hanis State Bank President Pleads Guilty to Wire Fraud

• May 6, 2015

  Former Chief Credit Officer and Former Controller of Wilmington Trust Indicted for False Statements

• April 17, 2015

  Federal Grand Jury Indicts Former D'Hanis State Bank President

• March 26, 2015

  Former United Commercial Bank Chief Credit Officer Convicted of Securities and Other Corporate Fraud After Trial

• March 6, 2015

  Indictment Unsealed Charging Six Individuals as a Part of Alleged CC Brown Home Loan Modification Services Scheme

• January 16, 2015

  Alleged Fraud Scheme Aimed to Secure Bailout Funds

• October 30, 2014

  Former United Commercial Bank Chief Financial Officer Charged With Conspiracy to Mislead Auditors

• October 28, 2014

  Aubrey Lee Price, Former Bank Director Who Faked His Own Death, Sentenced To 30 Years in Prison

• October 21, 2014

  Board-CFPB Office of Inspector General Releases Summary Report on Federal Reserve's Supervision of JPMorgan Chase & Company's Chief Investment Office

• October 7, 2014

  Former United Commercial Bank Senior Vice President Pleads Guilty To Conspiracy

• August 22, 2014

  Bankers and Attorney Sentenced to Prison for Fraud, False Statements, and Making a False Claim Against the United States

• June 25, 2014

  7 Former Bank Officers Sentenced in Loan-Fraud Scheme that Preceded Collapse of First National Bank of Savannah

• June 5, 2014

  Aubrey Lee Price, Former Bank Director Who Faked His Own Death, Pleads Guilty To Bank, Wire And Securities Fraud

• May 27, 2014

  Board-CFPB OIG Launches New Website

• May 9, 2014

  Bankers and Attorney Convicted of Fraud, False Statements, and Making a False Claim Against the United States

• April 2, 2014

  Former Onebanc Senior Vice President Indicted

• January 23, 2014

  7 Former Bank Officers Plead Guilty in Loan-Fraud Scheme That Preceded Collapse of First National Bank of Savannah

• December 31, 2013

  Missing Georgia Bank Director, Accused of Embezzling More Than $20 Million, Arrested in Brunswick

• November 6, 2013

  Former CEO of the Bank of the Commonwealth Sentenced to 23 Years in Prison for Massive Fraud

• October 3, 2013

  Inspector General Letter to the Bipartisan Policy Center Clarifying the OIG's Authorities as the Inspector General for the Board and the CFPB

• September 30, 2013

  Former Bank of the Commonwealth Mortgage Lender Sentenced to 8 Years in Prison for Massive Fraud

• September 18, 2013

  President of Tivest Sentenced to Fifty Months in Prison for Fraud Related to the Bank of the Commonwealth

• September 16, 2013

  Former Bank of the Commonwealth Executive Sentenced to 17 Years in Prison for Massive Fraud

• August 26, 2013

  Bank Chairman Pleads Guilty to Using Public Funds to Purchase Luxury Vacation Condo

• August 7, 2013

  Coastal Community Bank Executives and Attorney Charged with Conspiracy, Wire Fraud, False Statements, and Making a False Claim against the United States

• May 24, 2013

  Executives, Borrowers Convicted in Massive Fraud Scheme that Led to Collapse of Bank of Commonwealth

• May 8, 2013

  Former Wilmington Trust Officer Pleads Guilty to Bank Conspiracy

• January 29, 2013

  Dover Developer Indicted for Bank Fraud and Money Laundering

• January 11, 2013

  Former Bank President and other Officers Indicted in Massive Fraud that Preceded the Collapse of First National Bank

• August 15, 2012

  Owner of Illinois Agricultural Business Pleads Guilty to Fraud Charges

• July 11, 2012

  Missing Georgia Bank Director Indicted For Bank Fraud

• June 12, 2012

  Former Orion Bank President is Sentenced to 6 Years in Prison for Conspiracy to Commit Bank Fraud and to Deceive Bank Examiners