Employee Fraud

Lawsuit claims BB&T conspiracy

Aug 15th, 2009 | By admin | Category: Claimed Fraud, Employee Fraud

JOHN REID BLACKWELL TIMES-DISPATCH STAFF WRITER
A lawsuit claims that BB&T Corp.’s Richmond-based investment banking subsidiary, Scott & Stringfellow LLC, conspired to take trade secrets when it recruited several employees from a competitor’s Richmond office.
Stephens Inc., a Little Rock, Ark.-based investment banking firm, filed the lawsuit in U.S. District Court in Richmond last week. It names [...]



BB&T executive charged with bank fraud

Jul 2nd, 2009 | By admin | Category: Employee Fraud

By Kirsten Vallekvalle@charlotteobserver.com
Investigators have charged a former BB&T executive with criminal bank fraud, saying he overpaid a contractor and accepted thousands of dollars in illegal kickbacks in return.
Prosecutors with the U.S. Attorney’s office in Charlotte say Chester Williams, an executive vice president at the bank, paid contractor and longtime acquaintance Samuel Foster more than double [...]