The Federal Reserve Board announced on Friday an enforcement action against Mollie Morrow, a former employee of United Bank in Fairfax, Virginia, for embezzlement of bank funds. The action includes a consent prohibition against Morrow, restricting her from participating in certain banking activities. The board noted that the enforcement action was taken in response to Morrow’s alleged misappropriation of bank assets. Details of the action are available on the board’s website. Media inquiries can be directed to media@frb.gov or by phone at 202‑452‑2955. The Federal Reserve Board’s enforcement actions aim to protect the integrity of the banking system and prevent unlawful conduct. The board encourages the public to review additional enforcement actions via its online database.
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