Former Bank of O’Fallon executive sentenced to prison for swindling $2 million in check kiting fraud scheme
EAST ST. LOUIS, Ill. – A district judge sentenced the former second-in-command of the Bank of O’Fallon to 63 months’ imprisonment after he admitted to federal charges for engaging in a fraud scheme to obtain more than $2 million.
Scam Alert - Impersonation Scams
Beware of scams impersonating FDIC/OIG Personnel. Scammers might use the FDIC or FDIC OIG’s seal or logo to make their demand for funds appear to look legitimate.
Special Inquiry of the FDIC’s Workplace Culture with Respect to Harassment and Related Misconduct – Part 2
Our objective in Part 2 was to provide factual findings regarding selected allegations that senior officials personally engaged in harassment or related misconduct.
Significant Service Provider Examination Program
This memorandum presents the results of our audit of the Federal Deposit Insurance Corporation’s (FDIC) Significant Service Provider (SSP) Examination Program.Our objective was to determine the effectiveness of the SSP Examination Program in evaluating the risk exposure and risk management performance of SSPs and determining the degree of supervisory attention needed to ensure weaknesses are addressed and risks are properly managed.
Scam Alert - Pig Butchering
The OIG has posted two alerts and a video highlighting the dangers of Pig Butchering Schemes—both to consumers and banks alike.
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