Bank ordered to pay $1.2 million penalty over ZeekRewards involvement - Winston-Salem Journal: Local Business

Sunday, May 24th, 2015

Bank ordered to pay $1.2 million penalty over ZeekRewards involvement

Print
Font Size:
Default font size
Larger font size

Posted: Monday, April 28, 2014 7:30 pm

A U.S. District Court judge has approved an order that requires an eastern N.C. bank linked to ZeekRewards.com to pay a combined $1.2 million penalty.

The judgment signed by Judge Terrence Boyle orders Four Oaks Fincorp Inc. to pay a $1 million civil penalty to the U.S. Treasury and a $200,000 fine to the consumer fraud fund of the U.S. Postal Inspection Service related to wire fraud allegations. The money is required to be paid by Friday.

Subscription Required

An online service is needed to view this article in its entirety. You need an online service to view this article in its entirety.

Have an online subscription?

Login Now

Need an online subscription?

Subscribe

Login

Choose an online service.

The following services are print only and offer no digital access

You must login to view the full content on this page.

Thank you for reading 20 free articles on our site. You can come back at the end of your 30-day period for another 20 free articles, or you can purchase a subscription and continue to enjoy valuable local news and information. If you need help, please contact our office at 336-727-7211. You need an online service to view this article in its entirety.

Have an online subscription?

Login Now

Need an online subscription?

Subscribe

Login

Choose an online service.

The following services are print only and offer no digital access

loading...
  • PARAMOUNT MD

    • icon Updated: Yesterday
  • MAXWELL JEWELERS

    • icon Updated: Yesterday