DOJ: Disbarred attorney serving as bank CCO charged for fraud role
By 
Jeff Dale2023-04-21T17:01:00
The Department of Justice (DOJ) announced charges Thursday against the “purported” chief compliance officer at Dominion Bank and Trust Company Limited for allegedly taking part in a multimillion dollar fraud scheme.
Gerald Shaw was arrested and charged with one count each of conspiracy to commit wire fraud and wire fraud for aiding the bank in defrauding at least 60 victims out of more than $4 million, the DOJ said in a press release.
From October 2016 until April 2020, Shaw served as Dominion Bank’s CCO despite being a convicted felon and disbarred attorney, the DOJ said. In July 2010, he pleaded guilty to wire fraud for his role in a high-yield investment fraud scheme and was sentenced to nearly six years in prison. A year later, the state of California disbarred him from practicing as an attorney.
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