Insider at Major US Bank Quietly Drains $180,000 From Two Customers’ Accounts, Alleges Department of Justice
An insider at a bank with branches across the US is accused of forging documents to steal funds from customers’ accounts.
The Department of Justice (DOJ) says that while working as a teller at the unnamed bank’s branch in Boston, Massachusetts, Derek Aut lifted $180,000 from the accounts of two customers.
To carry out his scheme, Aut allegedly forged the names of the customers on the withdrawal slips, among other techniques.
After the first theft was discovered, Aut siphoned funds from another bank account to replace the missing money.
“When one of the victims noticed money missing from her account, Aut allegedly attempted to cover his theft by taking money from the other victim’s account and depositing it into the first victim’s account.”
The initial criminal charges against Aut were filed in December of 2024.
The charges now include embezzlement by a bank employee and aggravated identity theft. Aut, who has agreed to plead guilty to the charges, faces years in prison and a monetary fine.
“The charge of embezzlement by a bank employee provides for a sentence of up to 30 years in prison, five years of supervised release and a $1 million fine. The charge of aggravated identity theft provides for a mandatory sentence of two years in prison to be served consecutive to any other sentence imposed. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and other statutory factors.”
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Insider at Major US Bank Quietly Drains $180,000 From Two Customers’ Accounts, Alleges Department of Justice appeared first on The Daily Hodl.