A former Wachovia Bank "financial specialist" is behind bars at the Delaware County, Pennsylvania prison, charged with attempting to embezzle more than $500,000 by transferring cash from customer accounts — many belonging to senior citizens — into accounts he had set up, county authorities said October 31.
The man faces multiple felony theft, forgery, identity theft, and related offenses. From February 4, 2008, through March 5, 2009, he allegedly transferred $574,314.69 from customer accounts into accounts he established. On March 3 and 5 in 2009, authorities allege he made three unsuccessful attempts to remove funds from the accounts he had set up.
The attempts were thwarted by Wachovia after a signature on a check and two suspicious electronic transfers were questioned. Two additional checks drawn on the man's Wachovia accounts in the amount of $9,500 were presented to PNC Bank on March 2 and 3 in 2009 — both of which were returned to PNC based on what authorities said was Wachovia becoming aware of the man's actions.
[Whaddya suppose tipped them off? Didn't have enough left to cover their own bonuses?]