Feds: Bank employee steals almost $112,000 from customers’ accounts

A 32-year-old Connecticut man has been arrested on federal charges for allegedly stealing more than $110,000 from customers at the bank where he was employed.

On Oct. 21, a grand jury in New Haven indicted Alexander Alvarez, 32, of East Lyme on two counts of bank fraud.

As alleged in the indictment, Alvarez identified accounts that had little banking activity at a bank in Newington. He worked there as a financial service representative from January 2012 to February 2013.

He would change the mailing address for the accounts he targeted from the owner’s address to a fraudulent address so that transactions in the accounts would not be immediately discovered by the account owner, according to prosecutors in the U.S. Attorney’s Office for Connecticut.

 

Fraudulent transfer slips

Alvarez then allegedly created fraudulent transfer slips have the funds transferred to another account that he believed was dormant, or to an account that he directly controlled, or to be issued in a bank check.

Once the funds were transferred from the owner’s account, Alvarez withdrew the funds from the bank in cash or via an ATM card, or transferred them to his personal banking account, prosecutors said.

 

Two bank customers were victims

The indictment alleges that Alvarez stole $100,807 from one bank customer and $11,137 from a second bank customer.

The charge of bank fraud carries a maximum term of imprisonment of 30 years and a fine of up to $1 million.

The case has been assigned to U.S. District Judge Michael P. Shea in Hartford. It is being investigated by the Connecticut Financial Crimes Task Force, Stratford Police Department and Greenwich Police Department. Assistant U.S. Attorney Ray Miller is the prosecutor.

 

 

By participating in the comments section of this site you are agreeing to our Privacy Policy and User Agreement

© Copyright 2018 Hearst Media Services Connecticut, LLC

Designed by WPSHOWER

Powered by WordPress