Bank of Mingo under scrutiny in workers’ comp scheme probe

Federal authorities have been investigating whether officials at the Bank of Mingo helped a group of coal-mining contract firms use dozens of illegal cash withdrawals to finance a multimillion-dollar scheme aimed at lowering workers’ compensation insurance premiums, according to newly unsealed court records. Earlier this year, FBI agents seized computer hard drives and documents related to Aracoma Contracting from the bank’s Williamson branch as part of a probe that has resulted in jail sentences for a former BrickStreet Insurance auditor and four coal contract company officials, according to the court filings.