June 18, 2026

Federal Reserve Board issues enforcement action with former employee of Manufacturers and Traders Trust Company

For release at 11:00 a.m. EDT

The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below:

Consent prohibition order against Matthew Cheong
Former employee of Manufacturers and Traders Trust Company
Embezzlement by bank employee

Additional enforcement actions can be searched for here.

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Last Update: June 18, 2026