Former Fed bank employee accused of pocketing hundreds of thousands of dollars

RICHMOND, Va. – A former employee of the Federal Reserve Bank of Richmond is facing criminal and civil charges for allegedly pocketing hundreds of thousands of dollars by using illegal insider information to trade the stocks of the same financial institutions he was supposed to to research.

Robert Brian Thompson, 43, was charged earlier this month by the U.S. Attorney’s Office with insider trading and related civil charges from the Securities and Exchange Commission. Click here to read more about Richmond BizSense.