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Banking Malpractice

Embezzlement Scandal Settles for $40 Million

A civil action arising out of the largest municipal embezzlement in the history of the United States was settled today. In the Dixon, Illinois case involving accounting and banking malpractice, Devon C. Bruce, a partner at Power Rogers, successfully settled on behalf of the city for $40 million. The scandal involved what was reported to be the largest embezzlement of…

New Evidence Leads To New Allegations In The Dixon, Illinois Banking Malpractice Lawsuit

After the February article entitled “How Dixon’s auditors missed the biggest embezzler of all time” was published in Crain’s Chicago Business, Devon C. Bruce, partner at the Chicago personal injury law firm Power Rogers, filed an amended complaint including new allegations against Fifth Third Bank for its role in the embezzlement of over $53 Million Dollars. The facts of the…