The Workplace of the Comptroller of the Forex (OCC) is taking motion towards a former financial institution worker who allegedly bought verify photos that resulted in a six-figure loss for the lender.
The OCC says it’s issuing an order of prohibition towards Cricel Santamaria, a former consumer service consultant at Webster Financial institution in Stamford, Connecticut.
Says the OCC,
“From roughly April 2019 till Might 23, 2022, the respondent was employed on the financial institution. Between roughly October 2021 and April 2022, the respondent obtained roughly 62 verify photos from the financial institution’s inner methods and made them obtainable on the market over the web.
13 financial institution clients reported fraud on their accounts shortly after their checks have been made obtainable on the market on the web. The entire fraud reported was $237,374 and the entire Financial institution loss was roughly $108,000.”
In response to the OCC, Santamaria “engaged in unsafe or unsound practices, triggered greater than a minimal loss to the financial institution, demonstrated private dishonesty and willful or persevering with disregard for the protection and soundness of the financial institution.”
The OCC order prohibits the ex-banker from working within the banking and monetary companies business.
Santamaria consents to the OCC order with out admitting or denying any wrongdoing. Underneath the order, the Division of Justice (DOJ) retains its proper to “convey different actions deemed acceptable” towards Santamaria.
The Webster Financial institution, a business financial institution based mostly in Stamford, Connecticut, has greater than $70 billion in belongings underneath administration.
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