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Fed Board issues consent prohibition order
The Federal Reserve Board has issued an Order of Prohibition Upon Consent against Thang Nguyen, a former banking associate at the Richardson, Texas, branch of East West Bank, Pasadena, California. The Board found that Nguyen misappropriated $101,000 from a bank customer's account for his personal benefit. The Order noted that Nguyen had separately agreed to pay full restitution to the bank for its losses resulting from Nguyen's conduct.