Federal Reserve Enforces Actions Against Former Bank Employees

The Federal Reserve Board has taken enforcement actions against two former bank employees.

Simon Alberto Gonzalez, a former employee of Regions Bank in Birmingham, Alabama, was issued a consent prohibition order for misappropriating customer funds. This is not the first time such an action has been taken against Gonzalez; no further details are available on previous incidents or any resolution.

Ralph A. Mojica, a former employee of First Interstate Bank in Billings, Montana, received a similar consent prohibition order for both misappropriation of customer funds and embezzlement of bank funds.

The Federal Reserve Board has implemented these measures to protect the integrity of the financial system and prevent future incidents of this nature from occurring.