BB&T executive charged with fraud
June 30, 2009
Total Loss:
Unknown
Investigators have charged a former BB&T executive with criminal bank fraud, saying he overpaid a contractor and accepted thousands of dollars in illegal kickbacks in return. Prosecutors with the U.S. Attorney's office in Charlotte say Chester Williams, an executive vice president at the bank, paid a contractor and longtime acquaintance more than double his fee – and then accepted more than $100,000 from him to alleviate his own financial hardship.
Source:
Charlotte Observer
Posted in:
Internal Fraud