The Federal Reserve has caught a bank employee allegedly embezzling tens of thousands of dollars from a nonprofit organization where she worked. In a new press release , the Fed is prohibiting former Jonah Bank employee Kendall Hickman from participating in activities related to financial institutions after she was allegedly found to have embezzled $33,212 from a nonprofit organization. According to the Fed, Hickman worked for both the Wyoming-based bank as well as moonlighted for an unnamed nonprofit organization as a bookkeeper. She worked for both firms from July 2021 to June 2023, and through unexplained means, she managed to embezzle the funds from the nonprofit, but was allegedly caught by authorities. The Fed says Hickman’s actions “constituted violations of law or regulation and involved personal dishonesty.” Though she has repaid the nonprofit in full and has consented to the enforcement actions against her, she has neither admitted nor denied any of the allegations. The prohibition order notes that taking this enforcement action doesn’t bar it from taking further actions against Hickman later on. If Hickman were to violate this order, she would be charged with separate civil or criminal penalties, according to the press release. Jonah Bank, the nation’s 1,474th-largest bank, has $529 million worth of assets under its management and was established in 2006. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action 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 cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bank Employee Allegedly Embezzles $33,212 From a Nonprofit She Moonlighted At – And Now the Federal Reserve Has Found Out appeared first on The Daily Hodl .
