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Index of Schedules
DirectoryNarratives
WTC Tribute
Department and Industry Response to 9/11 Attacks
150th Anniversary and Celebration
Employee Recognition / Awards
State of the Financial Industry
Holocaust Claims Processing Office
Criminal Investigation Bureau
Enforcement Actions
Banking Development Districts
"On the Road"
Predatory Lending
Governor Pataki Addresses the Banking Department Staff
Banking Board Membership
Office Locations
 

Criminal Investigations Bureau Accomplishments

In 2001, the Department's Criminal Investigations Bureau (CIB) was involved in the levying of monetary penalties in excess of $9 million. CIB demonstrated its commitment to the thorough investigation of all criminal allegations involving the State's financial industry, as well as identifying possible victims and future criminal trends. CIB continued to assist federal, state, and local law enforcement agencies throughout the country with investigations involving money laundering, mortgage fraud, predatory lending, and other banking and financial violations. After the terrorist attacks, CIB began working with the FBI Terrorist Task Force to identify and freeze terrorist funds within and outside the United States.

Highlights:

  • A joint investigation by CIB and the Internal Revenue Service led to the indictment of a mortgage company president and co-conspirators on several counts of mortgage fraud for knowingly executing a scheme to defraud consumers and financial institutions.

  • CIB participated in hearings that resulted in license revocation for two mortgage companies for forged documents and failure to comply with New York State Banking Law.

  • CIB, along with the Mortgage Banking Division, worked with the State Attorney General to investigate a mortgage company that was misleading customers. The license was surrendered and over one million dollars in restitution was made to consumers.

  • CIB investigation led to monetary penalties and convictions from two financial institutions for falsifying bank records and misapplying bank funds.

  • Through the efforts of CIB, the Department became the first state agency to electronically transmit civilian fingerprints to the Division of Criminal Justice Services.
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 Tribute to World Trade Center Victims | Department and Industry Response to 9/11 Attacks | 150th Anniversary Celebration | Employee Awards | State of the Financial Services Industry | Holocaust Claims Processing Office Accomplishments | Criminal Investigations Bureau Accomplishments | Enforcement Actions | Banking Development Districts | The Superintendent's Travels Throughout New York State | Predatory Lending | Governor Pataki's Address to the New York State Banking Department Staff | Banking Board Membership | Schedules | Office Locations


NYS Banking Department