Bank Bribery

Using his role as a bank employee, he opened various bank accounts for fake people and shell companies.

By Rachel Morgan, Marketing –

Victor Phillips, age 39, recently pled guilty for conspiracy to commit bank bribery.

U.S. Attorney Geoffrey S. Berman stated: “As he admitted in court today, banker Victor Phillips conspired to facilitate the laundering of what he believed were the proceeds of criminal activity. Thanks to the FBI, Phillips now awaits sentencing for his crime.”

Victor Phillips was an employee of an Atlanta-area branch of a national bank. Using his role as a bank employee, he opened various bank accounts for fake people and shell companies. According to the FBI Press Release associated with this crime, “Phillips, in exchange for bribe payments, opened one of these laundering accounts at the behest of a codefendant, who plotted to move approximately $2 million in fraud proceeds through Phillips’s corruptly established account.”

Phillips and his associates were arrested and now await their individual sentences. He will face a maximum prison sentence of 5 years, which will be determined by a U.S. District Judge.

Unfortunately, crimes within the workplace are fairly common. They can, however, be avoided. One efficient method for promoting honesty in the workplace is conducting regular screenings of the company’s employees. These screening can be made possible by EyeDetect®, a simple form of lie detection technology that yields outstanding results. With 86% accuracy, EyeDetect lie detection tests can be administered within 30 minutes and the equipment required to do so is minimal. Additionally, the results are processed instantly. A regular screening of employees at any workplace can save the company and law enforcement officials valuable time and money. In the case of bank employees, EyeDetect could be revolutionary in making sure that bank resources are not being used to commit crimes.

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