On Tuesday, January 23, 2024, CNBC reported that Mark Black – a former top lawyer at the Federal Deposit Insurance Corporation (FDIC) – pleaded guilty in federal court in Virginia to charges related to conspiring to sexually exploit multiple children.

Specifically, Black pleaded guilty to one count of conspiracy to produce child pornography and one count of coercion and enticement. He faces a mandatory minimum sentence of 15 years in prison and could receive a maximum sentence of life imprisonment. Black will be sentenced on April 30.

As reported, the 50-year-old Black served as special counsel in the general counsel’s office of the FDIC, where he had worked since 2013. In addition, he previously was president of the board of the prestigious Arlington Aquatic Club swim team in Virginia.

According to the Department of Justice, Black was a member of two online groups focused on exploiting children. The goal of these groups was to locate underage girls and convince them to engage in sexually explicit livestreams, which Black and others would then covertly record and share.

The indictment stated that Black’s illegal conduct relating to the production, distribution, and possession of child pornography had occurred from January 2018 to October 2021. He was arrested in mid-September after being indicted on six criminal counts related to the production, advertisement, receipt, distribution, and possession of child pornography and has been held without bond since then.

Following a search of Black’s home last June as part of the investigation, defense attorneys said their client had voluntarily begun sex offender counseling. However, a judge denied a request in September for Black to be released before trial.

For its part, the FDIC said it was “deeply shocked and disturbed” by the allegations against Black, who was suspended once the agency learned of the investigation last year. It also confirmed Black’s criminal activity did not involve his official work at the FDIC in any way.



Source: CNBC