An employee of a billion-dollar lender is facing a ban from the banking industry after stealing her employer’s funds.
In a new enforcement action, the Federal Reserve says it is issuing a prohibition order against Mollie Morrow over accusations of stealing funds while working as a sales representative at United Bank’s branch in Washington, North Carolina.
“…between October 2021 and August 2023, Morrow embezzled $33,136 from the Bank by misappropriating cash while the Bank replenished its automated teller machines…”
According to the Federal Reserve, Morrow has entered a guilty plea on the embezzlement charges and was ordered to make full restitution to United Bank. Morrow’s employment at United Bank was terminated in August of 2023.
“…Morrow’s conduct constituted violations of law or regulation, breaches of fiduciary duty, and unsafe or unsound banking practices, and involved Morrow’s personal dishonesty and demonstrated her willful or continuing disregard for the Bank’s safety and soundness…”
The Federal Reserve is subsequently prohibiting Morrow from “participating in any manner in the conduct of the affairs of any institution or agency” that qualifies as a federally insured bank, a foreign bank or their subsidiaries. Morrow has consented to all the provisions of the prohibition order.
As of December 31st of 2025, United Bank was the 63rd-largest bank in the US with $33.55 billion in total assets.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Bank Insider Steals $33,136 From Lender While ATMs Are Being Replenished, According to the Federal Reserve appeared first on The Daily Hodl.
An employee of a billion-dollar lender is facing a ban from the banking industry after stealing her employer’s funds. In a new enforcement action, the Federal Reserve says it is issuing a prohibition order against Mollie Morrow over accusations of stealing funds while working as a sales representative at United Bank’s branch in Washington, North
The post Bank Insider Steals $33,136 From Lender While ATMs Are Being Replenished, According to the Federal Reserve appeared first on The Daily Hodl. Scams, Hacks & Breaches, bank, fed, Federal Reserve, News, North Carolina, scam, theft
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.