David P. Weber

In Fall 2022, I assisted the American Banker with its investigation into corporate governance and insider abuse allegations at Maryland's second largest bank. As part of that investigation, Eagle Bank's CEO was banned from banking for life, after improperly obtaining nearly $100 million in loans from his own bank without authorization. "At the end of the day, there were people who turned a blind eye to this," said David Weber, a Maryland attorney and clinical assistant professor of accounting at Salisbury Maryland's Perdue School of Business. "The fact this wasn't discovered raises a lot of questions about corporate governance and the leadership of the bank." "Regulators have been particularly sensitive to insider lending since the 1990s, after a study commissioned by the Office of the Comptroller of the Currency found that banks with governance issues — including a history of insider lending violations — were significantly more likely to fail, Weber said. Specifically, insider abuse was a significant factor in 35% of the bank failures studied. According to Weber, the study defined insider abuse as self-dealing..."
You can read the story here: https://www.americanbanker.com/news/fed-bans-former-ceo-of-eagle-in-maryland-from-banking

In Spring 2022, I am assisting the International Consortium of Investigative Journalists who are investigating the role of professionals in creating shell companies and secrecy for corrupt Russian government officials and Russian Kleptocrats, who are attempting to evade sanctions and law enforcement inquiries into their ill-gotten gains. I am serving as one of the ICIJ's consulting experts on the investigation. You can read one of the first stories published here: https://www.icij.org/investigations/pandora-papers/mordashov-pwc-russia-richest-offshore/

In Spring 2022, I served as the forensic accounting expert for the American Banker's investigation into Bank of America's violations of law and regulation for failing to prevent fraud in millions of debit card accounts created to receive pandemic assistance from state governments. You can read one of the stories here: https://www.americanbanker.com/news/federal-regulators-scrutinize-bofa-for-its-response-to-california-benefits-fraud
In July 2014, Bank of America was fined $225,000,000 as a result.

In Spring 2021, I served as the forensic accounting expert for a CBS News investigation into Bank of America's failures to prevent fraud in millions of unemployment benefits debit card accounts. The assistance included reviewing thousands of pages of BofA records for CBS News, as well as being interviewed on the Perdue School's campus as part of the investigation. You can watch the first of the interviews here: https://youtu.be/92fSMgxtXqo

In January 2021, I served as the consulting expert to the Associated Press in their coverage of the amendments to the USA PATRIOT ACT and the Bank Secrecy Act, the largest changes to US anti-money laundering law since at least 9/11. I was also quoted extensively in the stories, which were published in over 300 national and international news articles, one of which you can read here: https://apnews.com/article/business-miami-money-laundering-legislation-trump-investigations-1e6c527fafd9e5a7b56af1eff9d3247e

In Fall of 2020, I served as the forensic accounting expert for the Associated Press investigation into how the Venezuelan government circumvents global and US sanctions by use of a vast money laundering and trade financing scheme. Read more here: https://apnews.com/article/miami-asia-financial-markets-thailand-venezuela-33d7090b7a6b28cce840565b55da4785