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Press Release

Bank Officer Charged With Bank Bribery

For Immediate Release
U.S. Attorney's Office, Eastern District of Pennsylvania

Michael Ghabrial, 49, of Martinsville, New Jersey, was charged today by Information with one count of bank bribery, announced United States Attorney Zane David Memeger. According to the Information, Ghabrial, an officer of Valley National Bank (“VNB”), solicited and accepted a bribe in exchange for agreeing to sell real estate property owned by VNB at a reduced price.

If convicted, Ghabrial faces a maximum possible sentence of 30 years imprisonment, a five- year period of supervised release, a $1 million fine, and a $100 special assessment.

The case was investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant United States Attorney Vineet Gauri.

Click here to view the indictment

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Updated December 15, 2014