Officers of the largest minority-owned bank in the U. S. made fraudulent loans resulting in the bank’s failure and a $167 million FDIC liability.
To be able to determine the range and severity of the officers’ actions, attorneys for banking regulators retained the services of our digital forensic experts to preserve the data before it was destroyed or compromised. The following was analyzed, searched, and processed:
- 30+ computers
- Hundreds of storage media devices
- 1 million+ pages of electronic documents
Based on the data that collected and admitted as evidence, multiple bank officers were charged and one was convicted and sentenced to a prison term.