Regions Bank USE TO be amazing! Through a subsidiary called Regions Equipment Financing Company (REFCO), Regions Bank offered customers financing tools such as equipment financing and lease options. Documents showed between Sept. 2010 and Nov. 2015, REFCO paid Residual Assurance Inc. about $5.1 million. Philip Henry Cooper, 67, will plead guilty to conspiracy to solicit and accept bribes, Acting U.S. Attorney Robert O. Posey and FBI Special Agent in Charge Roger C. Stanton said in a press release. Regions Bank ranks 131 of 748 in Banks category. Fraudsters attempting to hack bank computer systems. Fortunately, Regions Bank discovered the suspicious activity in her account. John Boles brings 25-year FBI, Navy career to position supporting electronic security, protection for Regions customers. Court documents show Cooper and Henderson recruited Ellis to establish Residual Assurance Inc., a third-party company which would enter an contract with REFCO to provide residual value insurance for Regions Bank. Making sure that victims of federal crimes are treated with compassion, fairness and respect. Regions agrees to cooperate full y and truthfully with the United States' investigation of Regions' underwriting, origination, and quality control of FHA loans between January l, 2006 and December 31, 20 1 l with regard to individuals and entities The maximum prison penalty for conspiracy is five years in prison, and for money laundering conspiracy is 20 years in prison. In one example, he transferred $23,266.00 from the customer’s account to pay off a car loan. He must also repay Regions $5.1 million and forfeit the approximate $1.5 million he received from the scheme. Contact Gadsden Times reporter Donna Thornton at 256-393-3284 or donna.thornton@gadsdentimes.com. Their quick response and thorough investigative support stopped this defendant from further financially exploiting the elderly victim in this case.”, Don White, head of Corporate Security for Regions, said the bank has a continuous focus on detecting and preventing elder financial abuse. “Regions Bank investigators should be commended in this case. The indivual is a white male, approximately 50 to 60 years old, Blue eyes, Grey goatee, who walks with a pronounced limp BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Bank on Tuesday announced that John Boles has joined the company and will serve as manager of International and Cyber Investigation. The Party of Regions claimed this was an act of political repression, while the authorities believed that Kolesnykov had links to organised crime and his arrest was a purely criminal matter. Cooper and Henderson did not disclose to Regions they were receiving money from Residual Assurance Inc. Cooper, of Birmingham, was indicted last year along with Richard Alan Henderson on charges of conspiracy, bank bribery, wire fraud affecting a financial institution, and money laundering charges. Asked them why branch manager never called me and new rep said we don't contact branch managers we contact atm company. Longview police continued Wednesday their investigation of a Tuesday afternoon robbery at the Regions Bank in downtown Longview. Investigation underway after bank robbery in Albertville (Source: WAFF) By WAFF 48 Digital Staff | February 18, 2021 at 2:51 PM CST - Updated February 20 at 5:09 PM ALBERTVILLE, Ala. (WAFF) - Update: Officers have charged three Georgia men for robbing a Regions Bank … “While we remain heartbroken for the family affected by this crime, we are grateful to the investigators and prosecutors who worked tirelessly with us in pursuing justice,” White said. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. The Corporate Investigator is responsible for the prevention, detection, and investigation … White stated that Regions consistently trains its associates on ways to detect, prevent and stop elder financial abuse. Regions began to investigate, with the assistance of the United States Secret Service. The Council of Europe called the investigation "in full compliance with European standards". At his sentencing hearing on Friday he was also ordered to pay the remaining $125,448.83 in restitution to Regions Bank, who had previously credited the stolen funds back into the victim’s account. Henderson was the finance manager of REFCO and was later promoted to chief administrative officer. After getting his share of the money, Cooper established a company in 2014 called Capital Equipment Appraisal Service to receive his payments, and Ellis deposited most of Cooper's share of the money into a Wells Fargo Bank account opened for the new company. “Holley selected his victim because of her advanced age and illness. “This case is upsetting in many ways, and it serves as a reminder that criminals are targeting some of the most vulnerable people in our society,” stated U.S. Attorney Franklin. Cooper had the remaining part of his share deposited into an account at Merrill Lynch. Hoover, AL. Regions Bank was first mentioned on PissedConsumer on Sep 12, 2007 and since then this brand received 461 reviews.. Plea agreements show the three then directed REFCO's residual value insurance business to Ellis' new company, and Ellis split the money paid to him with Henderson and Cooper. Montreal Holley, 28, from Montgomery, Alabama, pleaded guilty to theft of funds by a bank employee in November of 2019. Customers are receiving calls that register on their caller ID as Regions Bank. Metro Police and the Federal Bureau of Investigation are searching for a suspect who robbed the Regions Bank on Charlotte Pike Tuesday morning. The Integrity Vice Presidency (INT) is an independent unit within the World Bank Group that investigates and pursues sanctions related to allegations of fraud and corruption in World Bank Group-financed projects. Registration on or use of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your California Privacy Rights (each updated 1/1/21). Smith said there were no injuries in the incident, and authorities believe all the money taken has been recovered. The FBI investigated the case, which Assistant U.S. D rawing on a cache of secret financial intelligence reports, the global investigation by more than 400 journalists reveals how banks continue to move dirty money for drug cartels, corrupt regimes, arms traffickers and other international criminals — and how a broken U.S.-led enforcement system perpetuates business as usual.. Help us combat the proliferation of sexual exploitation crimes against children. As part of his plea agreement, the government agrees to recommend a five-year prison sentence for Cooper. Regions Financial Corp., Alabama’s biggest bank, reached a preliminary agreement with the U.S. Department of Justice to resolve an investigation into mortgage abuses. The elderly customer passed away shortly after the investigation began. According to statements made during his sentencing hearing, Holley paid off loans for himself, his wife, his girlfriend, and other family members. Regions Financial is the latest bank to face regulatory scrutiny over fees charged to consumers who overdraw their accounts. © 2021 Advance Local Media LLC. Stage 1: Detecting Bank Fraud. After he was caught, Holley returned $188,000.00 of the stolen funds. Ellis had no experience providing this type of insurance. Their investigators quickly identified suspicious account transactions and brought it to the attention of the U.S. Secret Service Montgomery Resident Office. We appreciate the teams that worked together to thoroughly investigate this matter and take appropriate action.”. Court documents show Cooper steered Regions to a company established by his co-conspirator, and then he and two other men laundered millions of dollars from that company. U.S. Attorney Louis V. Franklin, Sr. would like to thank the United States Secret Service and Regions Bank Corporate Security for investigating this case, and the U.S. Department of Education’s Office of Inspector General for their assistance. Offers advice and guidance to junior investigators, assisting in the development of necessary skills and the promotion of continuous improvement initiatives. 3 reviews of Regions Bank "Atm took $200, filed a claim and said they would contact branch manager and have branch manager contact me. A FOX 5 I-Team investigation has found more stock trades made by U.S. Sen. David Perdue (R-GA) involving a regional bank that benefited from legislation he supported and helped write. Recent recommendations regarding this business are as follows: "Don't trouble yourself with my spelling-I am not a schoolgirl! Henderson was also a senior vice president at Regions, and he is scheduled for trial in June. The ICC ruled in a 2-1 decision early last month that its jurisdiction extends to Gaza, the West Bank, and East Jerusalem. After 1 week without response I called back and they said they couldn't find the check. He will be sentenced June 26. For another, the subject of the ICC’s new investigation is controversial. A former senior vice president at Regions Bank will plead guilty to conspiracy charges for his role in a $5 million bribery plot. He issued cashier’s checks, made wire transfers, and even issued a debit card on one of her accounts and used it to make ATM withdrawals. INDIVIDUAL IS WANTED FOR QUESTIONING IN REFERENCE TO A BANK ROBBERY THAT OCCURRED AT THE REGIONS BANK IN DILLARD ON MARCH 3 2008. Not anymore. Under Regulation E, your bank can require you to submit the claim in writing rather than verbally before you receive the refund. I walked away from Regions years ago for a similar problem. Regions has announced two scams that are affecting its customers. Contacts Regions Bank Jeremy D. King, 205-264-4551 jeremyd.king@regions.com Regions News … Four former employees of Regions Bank in Birmingham, Ala., were banned from banking in connection with sales practices. After completing his prison sentence, he will be on supervised release for three years. Regions Investment Solutions, 250 Riverchase Parkway East, Hoover, AL 35244. We must all be vigilant and take action when necessary to protect our senior family members and friends from being exploited.”, “Montreal Holley, working in his position of trust and authority as a Branch Manager for Regions Bank, took advantage of an elderly client to steal over $300,000 from her,” said Patrick Davis, Special Agent in Charge with the United States Secret Service, Birmingham Field Office. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. Many Regions Bank customers have complained about being charged overdraft fees. Regions Bank and the Secret Service discovered that Holley had convinced the elderly customer that she could trust only him to handle her money and he took a total of $313,448.83 from the customer’s account over a matter of months. Around December of 2018, Regions discovered he had wired $188,000.00 from an elderly customer’s account to his own account at another bank. Regions Bank 3.6. The third conspirator, Jesse Stewart Ellis, pleaded guilty last year to conspiracy to commit bank bribery and wire fraud, and money laundering conspiracy. The Georgia Bureau of Investigation, the Washington Police Department (Wilkes County) the Banks County Sheriff’s Office and the Augusta Office of the FBI are seeking the public’s help in identifying the person in the above sketch linked to two recent bank robberies in Banks County and Washington, Georgia. According to court documents, Holley became the manager of a Regions Bank branch in Montgomery in May of 2018. This position performs various quality control reviews, monitoring, and investigations to ensure compliance in the areas of Bank Secrecy Act (BSA…Review and investigate daily and monthly alerts through the AML monitoring system. The overall rating of the company is 1.4 and consumers are mostly dissatisfied.. The people who work here will only look up your account and point at possible things that made the ODF occur. In bank fraud cases where individuals are being targeted, banks tend to follow a standard fraud process as outlined below. For its own part, Wells Fargo has been hit for a number of sales-related issues since the phony-accounts scandal broke. Ward are prosecuting. The investigation found that one $23,266 transfer from the customer’s account was used to pay off a loan for a car driven by Holley’s girlfriend. This is a large bank that is only out to gather money due to Over Draft Fees. He initially told investigators that the elderly victim directed him to make the transaction, but the investigation revealed that the loan paid off a car driven by Holley’s girlfriend. The elderly customer passed away shortly after the investigation began. Three property addresses are involved with Regions Bank d/b/a Regions Mortgage, Inc. “Regions Bank is steadfastly committed to protecting the people we serve, and this case reflects our determination to identify and combat any instance of elder financial exploitation. What is the Bank Fraud Investigation Process? Cooper worked for Regions as REFCO's asset manager. Look at your options closely. …Complete thorough and detailed investigation of … Former Regions Bank VP pleads guilty to bribery, fraud charges in $5 million scheme Updated Mar 06, 2019; Posted May 04, 2017 Regions Bank branch (file photo) The FBI and Regions Bank Security also were on the scene. The first step in the bank fraud investigation process is to identify fraudulent activity. If you report a fraudulent transaction, your bank has to investigate the charges and refund your money within 10 days.Your bank can extend the investigation timeline to 45 days if you receive provisional credit of a refund within 10 days of making your claim. He said the bank also shares prevention information with the public through its website. The viewer is exclusively responsible for conducting his or her own investigation and analysis to evaluate the merits and risks involved in any investment decision. Regions Bank and the Secret Service discovered that Holley had convinced the elderly customer that she could trust only him to handle her money and he took a total of $313,448.83 from the customer’s account over a matter of months. Community Rules apply to all content you upload or otherwise submit to this site. Montgomery, Alabama – On Friday, February 21, 2020, a former Regions Bank employee was sentenced to 37 months in prison for theft of funds, announced Louis V. Franklin, Sr., U.S. Attorney for the Middle District of Alabama. ... nor Cetera Investment Advisers is an affiliate of Regions Bank. He thought he would get away with stealing her money because no one would notice. In turn, Henderson received about $1.8 million and Cooper received about $1.5 million. Assistant United States Attorney Megan Kirkpatrick prosecuted this case. Regions Bank Overview. Investigation and potential class action lawsuit against Regions Bank for allegedly wrongfully charging overdraft fees and other types of bank fees to its customers. They do nothing to resolve this and basically shrug at giving what they call "help." The $145 billion-asset company disclosed Thursday that it was in the process of responding to a civil investigative demand from the Consumer Financial Protection Bureau over certain overdraft practices and policies. All rights reserved (About Us). John Boles has joined Regions Bank as manager of International and Cyber Investigation. Attorneys George A. Martin Jr., Henry B. Cornelius, and John B. A bank spokeswoman said they were isolated incidents that were self-reported to regulators. Boles comes to Regions after 20 years of service with the Federal Bureau of Investigation … Our nation-wide commitment to reducing gun crime in America. … Fraudsters attempting to hack Bank computer systems he will be on supervised release for three years schoolgirl... Also were on the scene called regions bank investigation investigation began your Bank can require you to submit the claim in rather. 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