The Federal Reserve Board has announced an enforcement action involving a former employee of Banco Popular de Puerto Rico. The Board issued a consent prohibition order against Nicolás Pérez Alvarado, who previously worked at the bank’s San Juan branch. Pérez Alvarado is accused of embezzling bank funds.
The Federal Reserve Board also informed about the termination of a prior enforcement action. It concluded the cease and desist order dated January 18, 2022, against Allegiant United Holdings, LLC, Nano Financial Holdings, Inc., and Nano Banc, all based in Irvine, California. This order was officially terminated on March 20, 2025.
Further enforcement actions can be viewed on the Federal Reserve Board’s website.
