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Violation Tracker Individual Record

Company: Ernst & Young
Current Parent Company: Ernst & Young
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $40,000,000
Year: 2004
Date: December 24, 2004
Offense Group: financial offenses
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 Current Parent: United Kingdom
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: accounting services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.