MADISON, N.J. - (05/25/05) -- A former operations manager atFairleigh Dickinson University FCU pleaded guilty Monday toembezzling $2.2 million from the $18 million credit union byopening a dozen accounts under phony names, including one in thename of his cat. Daniel Doyle, Jr., 60, confessed to using histeller code to open accounts under several aliases, including DannyOcean, the protagonist in the hit movie 'Ocean's Eleven,' AnthonyPino, and Cocoa Tin, his cat. He was caught last year aftertransferring funds between the phony accounts and accounts in hisown name, then making withdrawals at ATMs. Doyle was arrested in2003 after his scheme was discovered in an audit. Shortly after hisarrest he ran into more trouble when it was discovered he wasillegally keeping several exotic animals, including a lynx, twoskunks, and 11 sugar gliders, a type of small marsupial, locked upin a room in a Motel 8 Raritan Borough.
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Judge Mark T. Pittman sided with the Consumer Financial Protection Bureau in ordering the case be moved from Texas to the District of Columbia due to "forum shopping."
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Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
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Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
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Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
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