Former Business Professor

NY 2016 Community Banks / Credit Unions

DOJ Conspiracy

Penalty

$200 million

Outcome

Former Business Professor Pays $100 Million Penalty in Tax Fraud Case

Details

Former Business Professor — DOJ Enforcement (2016)

DOJ took enforcement action against Former Business Professor in NY in 2016 involving conspiracy violations in the Community Banks / Credit Unions sector.

Penalty: $200 million

Violation types: Conspiracy
Entity type: Financial Institution
Penalty type: Criminal
Location: NY

Source: DOJ Press Release — Former Business Professor Pays $100 Million Penalty in Tax Fraud Case

How Crucible Prevents This

Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.

Source: DOJ Press Release — Former Business Professor Pays $100 Million Penalty in Tax Fraud Case

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