Ex-Flagstar CEO accused of permitting money laundering

A whistleblower is going after Flagstar Financial.  A former chief compliance officer at the bank has accused its former CEO of turning a blind eye to potential money laundering during his tenure, making suspicious transfers and deposits as well as raising ethical red flags related to his conduct with junior employees.  The compliance officer was fired by the bank while conducting an investigation into the executive’s potential money laundering and insider trading, according to a complaint filed Tuesday in federal court.  Flagstar is the biggest lender to New York City multifamily housing owners, with a large share of its portfolio […]This article originally appeared on The Real Deal. Click here to read the full story.