Bloomberg News

Watchdog Found Bank Regulator Used E-mail for Prostitutes

July 16, 2012

An employee at a U.S. bank regulator solicited prostitutes via government e-mail, according to the Treasury Department’s internal watchdog.

The employee, from the now-defunct Office of Thrift Supervision, used the agency’s e-mail “to communicate with women offering a variety of adult/erotic services” and met with prostitutes three times, the Treasury’s inspector general said in a 2010 investigation. The report was posted this month on the website governmentattic.org following a Freedom of Information Act request.

The employee, a human resources specialist with 36 years in the federal government, retired in October 2010 and wasn’t named in the report.

The inspector general shared the information with the U.S. Attorney’s Office for the District of Columbia, “which declined to accept the case for prosecution absent aggravating circumstances,” according to the report.

In a separate incident, the inspector general found in 2010 that an examiner from the Office of the Comptroller of the Currency accepted golf fees and food from executives at a bank the OCC was inspecting.

The OCC “attaches great importance to ethical conduct by all our employees, and we expect all OCC employees to meet these high standards,” spokesman Bryan Hubbard said in an e-mail today. “These are isolated incidences and do not diminish the highly ethical behavior of thousands of other OCC employees.”

The OTS was a Treasury agency that became part of the Office of the Comptroller of the Currency last year. The comptroller’s office is an independent Treasury bureau that regulates U.S. banks.

To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net


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