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Two former officials were sentenced to five years each for falsifying travel expenses and lying to authorities.December 23
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Though synthetic identity fraud is down across the industry, there's been an uptick in such attacks targeting credit unions.October 8
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An initial review determined that lax oversight at Enloe State Bank allowed for the origination of more than 100 allegedly fraudulent or fictitious loans.September 26
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The Boston company said the loan participation went into default due to potentially fraudulent activity.September 23
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Private Bancorp of America is the latest bank to report a borrower issue in connection with a high-profile fraud case tied to liquor licenses.September 17
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The loan participation has been flagged for potentially fraudulent activity.September 13
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The company says its exposure involves a participation loan to a business customer for which it was the originator.September 11
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The unnamed borrower was the victim of an alleged scam by another company.September 10
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While Noah Bank’s CEO has been accused of self-dealing in connection with SBA loans, its chairman says the directors had a succession plan ready to go and are rallying to rescue the bank’s reputation.May 31
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Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim.March 8
