A former JPMorgan Chase employee is facing life bans from the banking firm for stealing tens of thousands of dollars from customers worth trillions of dollars.
Office of the Comptroller of the Currency he says Dyemond Williams withdrew funds from clients’ accounts without their consent, causing a loss of approximately $40,000 to JPMorgan Chase.
The OCC says Williams’ actions were “dishonest.”
Without admitting or denying the allegations against him, Williams has accepted a restraining order that prohibits him from participating in “any way in the conduct” of US financial institutions under the Federal Deposit Insurance Corporation (FDIC).
“From approximately April 16, 2022 through April 25, 2022, Respondent made illegal withdrawals and/or assisted others in making illegal withdrawals from customer accounts. The Bank lost at least $38,500.”
The law does not prevent agencies or other agencies of the US government from punishing Williams.
“Nothing in this Act shall prevent the OCC from enforcing the provisions of this Act, and nothing in this Act shall, nor shall the Plaintiff claim, be a waiver of any right, power, or authority of other representatives of the United States or its agencies, including the Department of Justice, to bring other appropriate actions.”
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