sec whistleblower attorneys
September 20, 2019
The Bancorp, Inc., James David Hilty, Donald F. McGraw, Jr.
Financial Fraud
SANCTION AMOUNT: $1500000
Defendants: The Bancorp, Inc.
James David Hilty, Donald F. McGraw, Jr.
Respondents were a bank holding company and two of its officers, the Chief Risk Officer and Chief Credit Officer. They agreed to settle charges of reporting, recordkeeping, and internal controls failures in connection with the company's commercial loan portfolio, leading it to drastically understate Provision and Allowance line items for loan and lease losses.
- Key Docs
- Official SEC press release
