A former employee of U.S Bank in Ohio has been charged with taking bribes from debt collectors.

Federal prosecutors have charged Wilbur Tate, now of Dacula, Ga., with conspiracy to commit bank bribery, the Special Inspector General for the Troubled Asset Relief Program said Wednesday. SIGTARP was involved with the investigation because U.S. Bank's parent, Minneapolis-based U.S. Bancorp (USB), was a Tarp recipient.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.