FDII
Federal Deposit Insurance Corporation
10
10
th
St
r
eet
NW
,
Sui
te
800,
A
tl
anta,
GA
30309-3849
A
tl
an
ta
Regional
Office
CERTIFIED
MAIL
- RETURN RECEIPT REQUESTED
(Tracking Number
January 10, 2019
Donna
L.
Schultz
Henagar, Alabama 35978
Subject: Prohibition under Section 19
of
the Federal
De
posit
In
surance Act
Dear Ms. Schultz:
The Federal Deposit Insurance Corporation ("FDIC") has become aware
of
your
gu
ilty plea in
the Circuit Court
or
DeKalb County, Alabama on November 20, 2018, which is cover
ed
by
Section 19
of
the Federal Deposit Insurance Act ("FDI Act"). Section 19 prohibits, except with
t
he
prior written consent
of
the FDIC, any person who has been convicted
of
any criminal
offense involving dishonesty, breach
of
trust, or money laundering,
or
who has agreed to enter
into a pretrial diversion
or
similar program in connection with a prosecution for su
ch
an offense,
from becoming
or
continuing as
an
institution-affiliated party with respect
to
any insured
depository institution; owning or controlling, directly
or
indirectly, any insured depository
institution;
or
othe1wise participating, directly
or
indirectly, in the conduct'
of
the affairs
of
any
insured depository institution. Because Section 19 is effective
by
operation
oflaw,
you are
already subject to the
law's
restrictions, including the prohibition
on
participating
in
the affairs
of
any insured depository institution.
Your attention is directed to Section 19(b)
of
the FDI Act, 12 U.S.C. ยง 1829(b), which imposes
criminal penalties
of
up
to
five years imprisonment and a fine
ofu
p to $1,000,000 for each day
such prohibition is violated, upon any person who knowingly violates the restrictions
of
Section
19.
The FD IC has also
ad
opted a Statement
of
Policy for Section 19, which provides additional
background and informati
on
.
If you have reason to believe that your November 20, 2018, conviction is not covered
by
Section
19
of
the FDI
Ac
t, please
pr
ovide a written response to this office wi
th
in
30 days
of
your receipt
of
this letter
by
certified mail. After that time period, this le
tt
er will be posted and become
public
ly
available
on
the FDIC website. Should you have a question regarding this
ma
tt
er,
please contact Senior Regional Attorney
or
at the
FDI
C
Atlanta Regional Office,
Ten
10
th
Street, NW, Suite 800,
At
lanta, Georgia 30309.
Sincerely,
Regional Director
cc:
Attorney at Law
24593 Hwy75
PO
Box
191
Sylvania, AL 35988