Regions Bank was the victim of a fraud that took $31,550 from a political action committee account, according to an Al.com report. The account is funded by contributions from Regions employees. The fraud was committed in November, and so far no arrests have been made.
Jeremy D. King, a spokesman for Regions Bank, stated, “We believe the fraud was committed externally after a fraudster, or fraudsters, counterfeited PAC checks to make them appear to be legitimate,” King said. “Once this was detected, we immediately took steps to safeguard the checking account to prevent any additional counterfeit checks from being cashed. The investigation into the matter is still open.”
The account is funded by contributions from Regions employees “to advance public policy that benefits our customers, communities, associates, and shareholders,” King said.
