Aiding and abetting fraudulent cash-back offers

18 October 2019
Settlement
Fine

TRB-2019-4336.

A bank employee aided a friend with executing his fraudulent cash-back schemes by depositing amounts of money into the bank employee's personal bank accounts. This was a way for the friend to settle a debt with the bank employee. The bank filed a complaint with the Foundation for Banking Ethics Enforcement. 

The bank employee accepted a €500 settlement after he showed proper remorse for his actions and after the bank had terminated his contract. His name was added to the foundation's registry, which is accessible by banks.