Fraud and banks
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
In this weekend's edition of Bank Vault, we're exploring how banks are dealing with emerging fraud schemes.
Sign up here?to receive American Banker's complete Daily Briefing newsletter — delivered to your inbox every morning.
Banks hear the eerie echoes of AI-generated voices: Fraudsters are leveraging advanced AI to impersonate customers and deceive financial institutions, but the industry is fighting back with detection systems.
Tennessee man pleads guilty to nearly $1 million in PPP fraud: John Paul Dillon pleaded guilty to nearly $1 million in fraud related to COVID-19 emergency small-business programs, including the Payroll Protection Program and the Economic Injury Disaster Loan Program and a fraudulent loan application for a mortgage.
Why are more women convicted of embezzlement than men? Roughly 55% of people sentenced for embezzling funds from 2007 to 2017 were women, according to new research. Some experts suggest women are more likely to hold accounting and money-handling jobs, while others say the trend is a reflection of biases by employers and law enforcement.
Directors of failed Chicago bank plead guilty to conspiracy: The three former Washington Federal Bank for Savings board members were accused of giving the OCC false information in an attempt to hide embezzlement. They could face up to five years in prison for attempting to deceive the OCC.
Bankers: tell us how your bank is working with small businesses. American Banker is conducting a survey right now and we’d love your insights.?You can contribute to the survey here.?