Violation Tracker Individual Record

Company: 
Ernst & Young
Current Parent Company: 
Ernst & Young
Penalty: 
$40,000,000
Year: 
2004
Date: 
December 24, 2004
Primary Offense: 
banking violation
Violation Description: 

The Federal Deposit Insurance Corporation announced that Ernst & Young LLP agreed to pay $40 million in restitution to resolve allegations relating to E&Y's audits of Superior Bank FSB, Hinsdale, Illinois.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Deposit Insurance Corporation
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
business services
Specific Industry of Parent: 
business services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.