A former supervisor at the Federal Reserve Bank of Chicago was sentenced Thursday to five months of confinement at a work-release facility for stealing computer files containing confidential bank information on his last day of work two years ago.
U.S. Magistrate Judge Susan Cox ordered that after the stint at the Salvation Army facility, Brian McCarthy must serve five months on home confinement, perform 100 hours of community service and pay $26,400 in restitution to the bank.
McCarthy, 31, of Elmhurst, pleaded guilty in July to one misdemeanor count of theft of property.
As a supervisor, McCarthy had access to sensitive loan information and other evaluations about the health of the Fed's member banks, prosecutors said. The Chicago regulator, located in the LaSalle Street financial district, oversees more than a thousand financial institutions in the Midwest.
McCarthy signed an agreement requiring him to leave behind all bank computer files when his employment ended, prosecutors said. On his last day of work in October 2011, McCarthy succeeded in downloading about 70 of the 300 confidential computer files he attempted to steal, according to prosecutors. It was not disclosed whether he voluntarily left the bank or had been fired.
Prosecutors said McCarthy tried to avoid detection by searching the Internet for information on declassifying files and sending at least one file to his personal email account.
As part of his guilty plea, McCarthy was barred from participating directly or indirectly in the affairs of federally insured financial institutions without prior written consent, authorities said.