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Three of Hernandez’s co-conspirators in the TD Bank fraud case have also been prosecuted by the U.S. Attorney’s Office: Armando Ariel De Leon, a former TD Bank employee in Miami-Dade, admitted ...
Bank fraud is the use of potentially illegal means to obtain money, assets, ... Demand draft (DD) fraud typically involves one or more corrupt bank employees. Firstly ...
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
New account fraud: This occurs when a fraudster uses someone else’s information to open a new bank account or credit card account, or to apply for a loan. “[To help prevent] new account fraud ...
In response to reports of fraudulent activity, a USAA spokesperson told News 4 San Antonio “bank fraud is an unfortunate reality for financial institutions around the world,” and “USAA ...
On 23 April 2015, Deutsche Bank agreed to a combined US$2.5 billion in fines – a US$2.175 billion fine by American regulators, and a €227 million penalty by British authorities – for its involvement in the Libor scandal. The company also pleaded guilty to wire fraud, acknowledging that at least 29 employees had engaged in illegal activity.