A former JPMorgan Chase employee is staring at a lifetime ban from the banking industry over allegations of stealing thousands of dollars from clients of the trillion-dollar lender.
Office of the Comptroller of the Currency He says Daymond Williams withdrew money from clients’ accounts without their consent, resulting in losses of nearly $40,000 for JPMorgan Chase.
The OCC says Williams’ actions amounted to acts of “personal dishonesty.”
Without admitting or denying the accusations against her, Williams agreed to a prohibition order barring her from participating “in any way in the conduct” of US financial institutions subject to the Federal Deposit Insurance Corporation (FDIC).
“From approximately April 16, 2022, to April 25, 2022, the Defendant made unauthorized withdrawals and/or assisted others in making unauthorized withdrawals from customer accounts. The bank suffered a loss of at least $38,500.”
The order does not prevent other U.S. government institutions or agencies from taking further disciplinary action against Williams.
“Nothing in this Order shall preclude any actions brought by the ACC to enforce the terms of this Order, and nothing in this Order shall constitute, nor shall Defendant assert that it constitutes, a waiver of any right, power, or authority for any other representative of the United States or its agencies, including the Department of Justice, to take other actions deemed appropriate.”
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