The Federal Reserve Board has ordered a former vice president of James Monroe Bank of Arlington, Va., to repay it $9,700 plus interest in connection with accusations of identity theft, misappropriation of funds, and falsification of bank records.
The cease-and-desist order also bars the ex-banker, Scott Smolinski, from working at another depository institution or holding company.
Mr. Smolinski did not admit wrongdoing. The order, signed last Wednesday and made public Friday, gave him 10 days to make payment.
