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Miami Bank Employee Guilty of Embezzling Deceased Customer's Money

MIAMI – A Miami man who used his position as an employee at an international financial institution to embezzle over $190,000 from a deceased customer's accounts pled guilty to a federal information yesterday in the Southern District of Florida.

Billy Gedeon, 34, admitted the following: After learning that one of the bank's regular customers had died, Gedeon went into the deceased customer's accounts several times without authorization. In 2023, Gedeon stole over $19ok [sic] from one of the accounts by forging the deceased customer's signature on a bank form (which closed the account), withdrawing all the money, and depositing it into Gedeon's personal account at another bank.

Board of Governors of the Federal Reserve System Financial Statements as of and for the Years Ended December 31, 2024 and 2023, and Independent Auditors' Reports

We contracted with an independent public accounting firm to audit the financial statements of the Board as of and for the years ended December 31, 2024 and 2023, and to audit the Board's internal control over financial reporting as of December 31, 2024. We reviewed and monitored the work of the firm to ensure compliance with applicable auditing standards and the contract.

In the firm's opinion, the financial statements present fairly, in all material respects, the financial position of the Board, and the Board maintained effective internal control over financial reporting.

Federal Financial Institutions Examination Council Financial Statements as of and for the Years Ended December 31, 2024 and 2023, and Independent Auditors' Report

The Board performs the accounting function for the Federal Financial Institutions Examination Council, and we contracted with an independent public accounting firm to audit the FFIEC's financial statements as of and for the years ended December 31, 2024 and 2023. We reviewed and monitored the work of the firm to ensure compliance with applicable auditing standards and the contract.

In the firm's opinion, the financial statements present fairly, in all material respects, the financial position of the FFIEC.