June 26, 2018
Federal Reserve Board issues enforcement actions with former employee of East Cambridge Savings Bank and former employee of SmartBank
For release at 11:30 a.m. EDT
The Federal Reserve Board on Tuesday announced the execution of the enforcement actions listed below:
Consent Order of Prohibition against Vasken Papazian, a former employee of East Cambridge Savings Bank, Cambridge, Massachusetts, for embezzling money from a bank customer.
Consent Order of Prohibition against Connie Clabo, a former employee of SmartBank, Pigeon Forge, Tennessee, for misappropriating funds from the bank through false statements and accounting entries.
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