Federal Reserve Bans Bank Employee Over $240,000 Fraudulent Loan Acquisition
Federal Reserve Bans Bank Employee Over $240,000 Fraudulent Loan Acquisition
A former commercial banking assistant at Atlantic Union Bank, Crystal D. Moore, has been banned from the banking industry by the Federal Reserve. She is accused of fraudulently obtaining $240,000 in US government loans between March and October 2020 and using the funds for personal and unauthorized expenses.
A former bank insider is now banned from working in the banking industry after allegedly obtaining hundreds of thousands of dollars in fraudulent government loans. In an Order of Prohibition, the Federal Reserve says Crystal D. Moore worked as a commercial banking assistant at Atlantic Union Bank in Richmond, Virginia, between March and October 2020. […]
The post Bank Employee Falsely Obtains $240,000 in US Government Loans, Splurges on Personal and Other Unauthorized Expenses: Federal Reserve appeared first on The Daily Hodl.