Former Flagstar Employee Alleges Retaliation, Potential Money Laundering in Lawsuit Against Company, Ex-CEO — RISMedia
By: Claudia Larsen | Published: 2025-08-05 18:05:00 | Source: www.rismedia.com
A former chief compliance officer with Flagstar Financial alleges he was fired for investigating money laundering and reporting compliance violations involving the bank’s former CEO who served in the post for less than two months, according to a federal lawsuit filed last week.
Ross Marrazzo, enterprise chief compliance officer at New York Community Bancorp (NYCB), filed the complaint July 29 in the U.S. District Court for the Eastern District of New York against Flagstar and its former CEO Alessandro DiNello.
Hicksville, New York-based Flagstar acquired NYCB in 2022, which later adopted the Flagstar name, according to court records.
DiNello served as Flagstar Financial’s CEO for less than two months from February to April 2024. Prior to the…
