What to know about Hancock Whitney Bank and Wells Fargo
A former chief financial officer at Hancock Whitneys bank has been charged with bank fraud and conspiracy, the FBI said.
The indictment accuses John H. Hancock, 57, of conspiring to defraud the U.S. Department of Housing and Urban Development by making false statements and false statements to the agency about the company’s financial condition.
Hancock is charged with two counts of conspiracy to commit wire fraud and two counts each of making false and fraudulent statements to government regulators.
The charges carry a maximum sentence of life in prison.
He is accused of making a false statement to a federal judge that Hancock Bank’s $1.8 billion mortgage-backed securities loan was worth $2.6 billion when it was actually worth only $1 billion, according to the criminal complaint.
Haven’t made a decision yet about whether to contest the charges, a spokesperson for the U,S.
attorney’s office said in a statement.
The U.N. agency has also asked the FBI to investigate the allegations and cooperate with the investigation.
Hannah Hancock’s attorney, Eric S. O’Keefe, did not immediately respond to a request for comment.
Hannity, who joined Hancock Whitms in the mid-1990s, had worked at the bank since 2000, according a person familiar with his hiring.
Hogan, who had been at Hancock for just over a year, was hired in June 2015 as an executive in the company-wide financial reporting unit, which he led until April 2016.
Haines was promoted to vice president in October 2016, the person familiar said.
He had previously been head of the company.
Haine was promoted in March to lead the consumer reporting unit and became CEO in April, according and a person with knowledge of his hiring said.
Haneke is also charged with six counts of mail fraud, one count of money laundering and one count each of conspiracy, false statements, wire fraud, and making false representations to the federal government.
The bank is being investigated by the Justice Department’s Financial Crimes Enforcement Network.
Hanks, who left the bank in March, did a stint at JPMorgan Chase.
Hansen, who took over as head of Hancock last year, left the firm in September 2015.
He has said that he was never a bank executive, and that the bank was never involved in any fraud.
Hutchins is accused in a criminal complaint of conspiring with a former Hancock employee, Jami M. Murphy, to obtain a loan for a $300 million purchase of Hancock’s real estate business, a move that could have led to the acquisition of Hancock.
Hussain has also been charged by the FBI with conspiring to commit money laundering.
He has denied wrongdoing.
In addition to the charges against him, the federal prosecutor in the case said, he is also accused of violating the Fair Credit Reporting Act by failing to disclose in writing the fact that he had been a member of a government-sponsored credit counseling program.