Administrative Order: In the Matter of Ryan L. Baum

20-0130-ER
Administrative Order: In the Matter of Ryan L. Baum
First Name
Ryan
Last Name
Baum
Relationship
Former Employee
Institution
Northeastern Operating Engineers Federal Credit Union
City
Whitestone
State
New York
Year
2020
Docket Number
20-0130-ER

NOTICE OF PROHIBITION

WHEREAS on or about July 16, 2019, Ryan L. Baum (“Baum”) was sentenced on the charge of Petit Larceny, P.L. § 155.25, a charge to which he plead guilty, in the New York City Criminal Court for Queens County, in connection with his employment at Northeastern Operating Engineers Federal Credit Union;

WHEREAS a violation of P.L. § 155.25 is a criminal offense involving dishonesty and breach of trust;

NOW, THEREFORE, YOU ARE HEREBY NOTIFIED THAT:

  1. Pursuant to 12 U.S.C. § 1785(d)(1)(A) and 12 U.S.C. § 1829(a)(1)(A), Baum is prohibited from becoming an “institution affiliated party” of any insured depository institution, as defined in 12 U.S.C. § 1786(r); otherwise participating, directly or indirectly, in the conduct of the affairs of any insured depository institution; and owning or controlling, directly or indirectly, any insured depository institution;
  2. Pursuant to 12 U.S.C. § 1785(d)(1)(B) and 12 U.S.C. § 1829(a)(1)(B), no insured depository institution may permit Baum to engage in any conduct or continue in any relationship prohibited in paragraph 1 above;
  3. Pursuant to 12 U.S.C. § 1785(d)(3) and 12 U.S.C. § 1829(b), whoever knowingly violates paragraph 1 or 2 above is subject to a fine of not more than $1 million for each day such prohibition is violated, or imprisonment for not more than five (5) years, or both;
  4. The “Certificate of Disposition” document, Docket No. CR-014299-19QN, is made a part hereof and is incorporated herein by reference; and

ISSUED this 30th day of April, 2020.

NATIONAL CREDIT UNION ADMINISTRATION BOARD

/S/


Rob F. Robine
Trial Attorney
NCUA Office of General Counsel

Last modified on
05/28/20