Former high-ranking FDIC attorney Mark Black pleads guilty in child sex exploitation case

The Federal Deposit Insurance Corp. (FDIC) headquarters in Washington, DC, US, on Monday, March 13, 2023.

Al Drago | Bloomberg | Getty Images

A former high-ranking lawyer on the Federal Deposit Insurance Corporation pleaded guilty Tuesday in federal court docket to conspiring to sexually exploit a number of kids and now faces a compulsory minimal jail sentence of 15 years.

The lawyer, Mark Black, additionally beforehand served as president of the board of the Arlington Aquatic Club, a famend Virginia swim membership that features U.S. Olympic swimmers amongst its alumni. Black resides in Arlington.

Black, 50, most just lately was particular counsel in the final counsel’s workplace of the FDIC, which insures the deposits of U.S. industrial and financial savings banks, in line with his LinkedIn web page. He has labored in the authorized division since April 2013, his LinkedIn web page says.

The Department of Justice stated Black, who’s married and has teenage sons, was a member of “two on-line teams devoted to exploiting kids.”

“The aim of the 2 teams was to find prepubescent women on-line and persuade them to livestream themselves partaking in sexually express conduct,” the DOJ stated in a press launch.

“Black and his co-conspirators would covertly file this conduct and share the movies with one another,” the DOJ stated.

Black pleaded guilty Tuesday in U.S. District Court in Alexandria, Virginia, to 1 depend of conspiracy to provide child pornography and one depend of coercion and enticement.

He is because of be sentenced on April 30. He faces a compulsory minimal sentence of 15 years in jail and a most sentence of life behind bars.

The FDIC advised CNBC it was “deeply shocked and disturbed concerning the allegations” towards Black, who was suspended by the company when it realized concerning the investigation of him final yr.

The FDIC stated Black’s felony exercise “had nothing by any means to do with the FDIC,” and didn’t contain using company computer systems or different units. The company additionally stated it had cooperated with the FBI and DOJ in the felony probe.

CNBC has requested remark from Black’s protection attorneys and from the Arlington Aquatic Club.

On Jan. 5, Black was deemed indefinitely ineligible by the U.S. Center for SafeSport, a nonprofit group that has the authority to resolve abuse and misconduct stories in sports activities related to U.S. Olympic packages.

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Court paperwork present that Black, who beforehand was an attorney on the agency Steptoe & Johnson, was arrested in mid-September after being indicted on six felony counts associated to the manufacturing, commercial, receipt, distribution and possession of child pornography.

The indictment says Black engaged in that felony conduct from January 2018 by way of October 2021.

He has been held with out bond since his arrest because of the ages of the victims in the case, the burden of the proof, and his danger of prolonged incarceration, in line with court docket paperwork.

Black’s legal professionals, in a court docket submitting in September in search of his launch, supplied as a third-party custodian for him Genevieve Holm, who was described as “a retired, profession 40-year trial attorney with the Department of Justice, who additionally has served as” a state court docket Justice of the Peace.

The submitting stated authorities executed a search warrant at Black’s dwelling on June 6 final yr in reference to the child-porn probe.

After materials was seized from the house, Black “voluntarily self-referred to counseling” with a licensed sex offender therapy supplier, the submitting stated.

The supplier, in an announcement cited by protection legal professionals, stated Black “is a wonderful candidate for continued outpatient therapy.”

“Mark Black is 50 years outdated, and the remaining months could also be his final alternative to see his teenage sons and make ultimate preparations to safe the soundness of his household earlier than he’s incarcerated for a prolonged time period,” protection legal professionals wrote.

“This time in the neighborhood is essential in order to verify all obligatory applicable authorized and monetary steps for his household for a few years to come back, could also be his final alternative in his life to spend some significant time along with his household, and can with applicable situations not be a hazard to the neighborhood.”

A decide denied that request shortly after it was made.

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