Criminal Probes Of Failed Bank Execs Under Way

Law360, New York (November 17, 2010, 2:46 PM EST) -- The Federal Deposit Insurance Corp. is targeting former executives and officers at failed U.S. banks as part of approximately 50 criminal investigations being carried out by the agency, an FDIC official confirmed Wednesday.

Fred W. Gibson, deputy inspector general at the agency, said Wednesday that the probes — first reported by the Wall Street Journal — involve failed banks both large and small across the U.S. The individuals currently under investigation run the gamut from former officers to executive officers to directors, Gibson said.

“Most of...
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