During the financial crisis that began in 2008, a large investment bank failed. Further, another large investment bank and a large insurance company were in danger of failing. Since these three companies were not insured by the Federal Deposit Insurance Corporation (FDIC), they were not eligible for FDIC resolution.

The Federal Information Security Modernization Act of 2014 (FISMA), Public Law No. 113-283, requires Federal agencies, including the Federal Deposit Insurance Corporation (FDIC or Corporation), to conduct annual independent evaluations of their information security programs and practices and to report the...

BOSTON – A former Massachusetts resident was sentenced today in connection with filing fraudulent applications to obtain $2.5 million in Paycheck Protection Program (PPP) loan funds made available under the Coronavirus Aid, Relief and Economic Security (CARES) Act.

A Florida man pleaded guilty today to distributing at least $16.7 million of adulterated HIV drugs that were ultimately dispensed to unsuspecting patients throughout the country. 

According to court documents, Armando Herrera, 43, of Miami, and his co-conspirators established companies in Florida, Texas...