Trustee Program Reaches $5 Million
DOJ
Fraud
Penalty
$5 million
Outcome
U.S. Trustee Program Reaches $5 Million Settlement with Citibank to Protect Debtors in Bankruptcy
Details
Trustee Program Reaches $5 Million — DOJ Enforcement (2018)
DOJ took enforcement action against Trustee Program Reaches $5 Million in GA in 2018 involving fraud violations in the Community Banks / Credit Unions sector.
Penalty: $5 million
Violation types: Fraud
Entity type: Financial Institution
Penalty type: Settlement
Location: GA
Source: DOJ Press Release — U.S. Trustee Program Reaches $5 Million Settlement with Citibank to Protect Debtors in Bankruptcy
How Crucible Prevents This
Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.
Don't let this happen to your organization. See how Crucible works.
See How Crucible Works