Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bank Employee Bank Banned From Industry After Stealing Customer Info Used To Drain Accounts

Bank Employee Bank Banned From Industry After Stealing Customer Info Used To Drain Accounts

Daily HodlDaily Hodl2025/09/26 16:00
By:by Henry Kanapi

A former bank employee is now banned from working in the banking industry after federal regulators accused him of leaking customer data to fuel a wire fraud scheme.

The Federal Reserve has issued an order of prohibition against Jermal McGlown, who worked as a wire transfer administrator at the Memphis-based First Horizon Bank from June 2022 until his termination in January 2024.

According to the Fed, McGlown obtained confidential customer account information from November 2023 to January 2024 and gave the data to a third party. McGlown’s co-conspirators used the stolen details to impersonate customers and carry out fraudulent wire transfers.

The Fed says the scheme led to $42,000 in losses for First Horizon Bank and accused McGlown of violations of law or regulation, unsafe or unsound banking practices and breaches of fiduciary duty.

The prohibition order bars McGlown from working at or participating in the activities of any FDIC-insured bank, holding company, or affiliated entity without getting prior approval. The ex-First Horizon Bank employee has consented to the provisions of the order without admitting or denying the Fed’s allegations.

While the Fed says it will not take other actions against McGlown in relation to the incident, other federal or state agencies are free to do so.

First Horizon Bank is the 33rd-largest commercial bank in the US with $81.784 billion in total assets, according to Federal Reserve data.

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Vitalik Buterin Urges ZK and FHE Developers to Share Efficiency Ratios

Quick Take Summary is AI generated, newsroom reviewed. Vitalik Buterin wants ZK/FHE developers to report an 'efficiency ratio'. The ratio is cryptographic computation time compared to raw computation time. This metric is more hardware-independent and shows the cost of adding cryptographic security. The call highlights the need for a common performance language across cryptography projects.References I wish more ZK and FHE people would give their overhead as a ratio (time to compute in-cryptography vs time

coinfomania2025/10/18 10:54

TAO falls below $400

Cointime2025/10/18 06:33