Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: June 14, 2000

For immediate release

The Federal Reserve Board today announced the issuance of an Order of Prohibition against Lawrence Michaelessi, a former employee and institution-affiliated party of the Rochester Branch of The Bank of New York, New York, New York.

Mr. Michaelessi, without admitting to any allegations, consented to the issuance of the Order based on his apparent unsafe and unsound practices and violations of law in connection with his embezzlement of funds from The Bank of New York.

A copy of the Order is attached.

Attachment (121 KB PDF)

2000 Enforcement actions

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Last update: June 14, 2000