March 11, 2025
VIA FEDERAL EXPRESS
Jovan Eric Bell
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Re: Notice of Prohibition
Dear Mr. Bell:
The National Credit Union Administration (“NCUA”) has become aware that on July 31, 2024, you pled guilty in U.S. District Court in the District of Maryland to Bank Fraud Conspiracy, in violation of 18 U.S.C. § 1349. This conviction was the result of your criminal prosecution in the case, United States of America v. Jovan Bell, 8:20-cr-00438-PJM. Your conviction for this offense was in connection with your employment at Navy Federal Credit Union, Vienna, VA. You were subsequently sentenced to 1 day of imprisonment, 36 months of supervised release, and ordered to pay $132,988.99 in restitution.
This letter is to notify you that because of your conviction you are subject to the prohibitions set forth in 12 U.S.C. §§ 1785(d) and 1829. As such, without the prior written consent of the NCUA or the Federal Deposit Insurance Corporation, these sections prohibit you by operation of law from becoming an “institution-affiliated party” of any insured depository institution (as defined in 12 U.S.C §§ 1786(r) or 1813(u)), or 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.
Sections 1785(d) and 1829 impose criminal penalties of up to five years imprisonment and a fine of up to $1,000,000 for each day the prohibition is violated. Should a knowing violation of these sections occur, both you and the institution would be subject to the penalties provided by the statute.
If you believe that your conviction is not covered by sections 1785(d) or 1829, please contact the Office of General Counsel at ogcmail@ncua.gov or 703.518.6540 immediately.
Be advised that a copy of this letter will be available on the NCUA’s public website.
Sincerely,
/s/
Frank Kressman
General Counsel