Capital One Blocks Loan Use By Former Employees, Orix Client Lists

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July 12, 2021 4:46 PM

Three ex Capital one Employees in the Eastern District of Virginia ruled that employees appeared to be in breach of their employment contracts when they took confidential information and shared it with a competitor while leaving the bank, and were temporarily prevented from using it.

Brian Sykes led a team at the bank’s commercial banking office in Boston, which included Jonathan Wood and Timothy Smits. The team issued real estate loans and allegedly began sending Capital One loans and customer lists from their work mailboxes to their personal mailboxes during negotiations to join rival Orix Real Estate Capital LLC, the court said. …



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