Dolton Filed Suit Against 5/3 Bank For Cashing $1.9 Million In Checks Signed By Tiffany Henyard –

Dolton, Ill. (ECWd) –

The Village of Dolton has filed a lawsuit against Fifth Third Bank to recover nearly $1.9 millions dollars’ worth of checks signed by former Mayor Tiffany Henyard which the bank honored despite the village requiring two signatures on each check, in accordance with a Resolution approved by the village board and received by the bank.

The Village of Dolton alleges:

Between April 1, 2022, and May 8, 2023, Henyard wrote more than 251 checks with only her signature affixed, despite the village ordinance requiring two signatures on each check.

Tiffany Henyard misappropriated funds from the Village of Dolton by signing payments to vendors with checks from the bank accounts held by the Village of Dolton at Fifth Third Bank without the requisite cosignatory of Village Clerk Alison Key.

Tiffany Henyard stole and/or misappropriated funds from the Village of Dolton by signing the following checks (more than 251 of them) from accounts at Fifth Third Bank without a cosignatory of Village Clerk Alison Key in violation of the aforementioned Resolution passed by the Village of Dolton and in violation of reasonable commercial banking standards

Fifth Third Bank acted in bad faith because it had actual knowledge that Tiffany Henyard was violating her fiduciary duties in stealing and/or misappropriating public funds from the Village of Dolton accounts at Fifth Third Bank but deliberately refrained from investigating or reporting her activities to avoid knowing more about her breach of fiduciary duty.

Fifth Third Bank acted in bad faith because it had actual knowledge that Tiffany Henyard was authorizing checks without the requisite cosignatory in violation of the Resolution passed by the Village of Dolton requiring that every check be authorized by Mayor Tiffany Henyard and Village Clerk Alison Key.

Fifth Third Bank acted in bad faith because it knowingly and intentionally paid checks on behalf of the Village of Dolton that it knew should not have been paid.

Employees of Fifth Third Bank were commercially unjustified in paying and/or permitting Tiffany Henyard to authorize checks from the Village of Dolton accounts with Fifth Third Bank in violation of the Resolution passed by the Village of Dolton and in violation of reasonable commercial banking standards.