Ghaith R. Pharaon v. Board of Governors of the Federal Reserve System

Opinion for the Court by Circuit Judge TATEL.

TATEL, Circuit Judge:

Petitioner challenges the conclusion of the Board of Governors of the Federal Reserve System that he participated in violations of the Bank Holding Company Act by the Bank of Credit and Commerce International. He also challenges the Board’s decision to fine him thirty-seven million dollars and bar him permanently from the U.S. banking industry. Because substantial evidence supports the Board’s findings of fact and because petitioner’s challenges to the Board’s procedures, conclusions of law, and choice of sanctions lack merit,…