TierOne Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile2 entries
2016
Criminal conviction and sentencing of Gilbert G. Lundstrom
Former CEO Gilbert G. Lundstrom faced 13 criminal charges, including conspiracy to commit wire fraud, in connection with alleged investor deception. He was sentenced to 132 months in federal prison in March 2016.
2010
Investigation into executive and auditor conduct
Following TierOne’s failure, the FBI and the Special Inspector General for the Troubled Asset Relief Program investigated conduct involving bank executives and auditors. The case concerned alleged deception of investors and actions associated with the institution’s collapse.