Former Bank Official Guilty of Bribery and Disclosure of SAR
21 January 2011
The US Federal Bureau of Investigation (FBI) has announced that former Chase Bank official Frank Mendoza has been found guilty of illegally disclosing a suspicious activity report (SAR) and taking US$10,000 in bribes to help the borrower deal with a potential criminal investigation relating to the SAR. Mr Mendoza faces a statutory penalty of 95 years and is the “first bank official in the nation to be convicted of criminal charges for revealing the filing of a SAR”.
FBI’s media release (11 January 2011)