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Axos was founded in 1999 as BofI Holding, Inc., by Jerry Englert, the founder of Bank of Del Mar, and Gary Lewis Evans, president of La Jolla Bank, with $14 million of startup capital. [8] It began operations as Bank of Internet on July 4, 2000. [ 2 ]
Recent data paints a troubling picture of the scale and impact of bank fraud. According to the Federal Trade Commission, consumers reported losing more than $10 billion to fraud in 2023, marking a ...
How we bank in the future will be very different from how we bank today. But that doesn't mean we should throw out all the old rules, many of which are in place for a reason. It's this dichotomy ...
Principal Bank and BofI Federal Bank Announce Strategic Agreement Principal Bank to transfer some deposits to BofI Federal Bank DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Bank®and BofI Federal ...
Loughrin v. United States, 573 U.S. 351 (2014), was a United States Supreme Court case in which the Court held that a conviction of the crime of knowingly executing a scheme to obtain property owned by, or under the custody of, a bank "by means of false or fraudulent pretenses," does not require the government to prove that a defendant intended to defraud a financial institution.
Under federal law, bank fraud in the United States is defined, and made illegal, primarily by the bank fraud statute in Title 18 of the U.S. Code. 18 U.S.C. § 1344 states: [15] Whoever knowingly executes, or attempts to execute, a scheme or artifice— (1) to defraud a financial institution; or
BofI Holding , the parent company for Bank of Internet, has consistently produced impressive quarterly results - continuing to justify its lofty valuation. In this segment of The Motley Fool's ...
In 1992 he served a fifty-day sentence for selling unregistered securities. [6]On August 7, 1995, he pleaded guilty to federal bank fraud in Ohio. [7] He served three years probation for a felony charge of falsifying banking records.