The Village of Dolton is suing Fifth Third for allegedly enabling its former mayor to steal $1.9 million in public funds.
Between April 2022 and May 2023, Tiffany Henyard, while serving her sole term as mayor of Dolton, Illinois, allegedly misappropriated village funds by cashing at least 251 checks to vendors that had been signed by her but not Village Clerk Alison Key, as required by Dolton ordinance.
The Village of Dolton alleged that Fifth Third acted in bad faith because it “had actual knowledge” that Henyard was stealing public funds from village bank accounts but “deliberately refrained” from investigating or reporting her transactions. The plaintiff also alleged the bank knew Henyard was authorizing checks without Key’s signature, in violation of the ordinance.
In addition to the loss of $1.9 million in taxpayer dollars, Fifth Third’s alleged negligence has also stuck Dolton with debt and interest payments, according to the lawsuit.
Full story: https://www.bankingdive.com/news/chicago-suburb-sues-fifth-third-for-ex-mayors-alleged-theft/812234/