N.Y. bank manager admits to $1M theft - Democratic Underground

951-Riverside

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Thu Aug-07-08 12:20 PM
Original message

N.Y. bank manager admits to $1M theft

Source: UPI

William Brahe Jr. has admitted to stealing more than $1 million from accounts while serving as a manager of a bank in Carle Place, N.Y., officials say.

Nassau County District Attorney Kathleen Rice said the 43-year-old pleaded guilty to charges he stole the funds from accounts at the JP Morgan Chase Bank and has offered to replace the funds as part of his plea, Newsday reported.

Prosecutors accused Brahe of conducting hundreds of illegal account transfers between 2001 and late 2007, placing a total of $1,078,400 into a business account he opened.

He allegedly covered the thefts up by creating additional fraudulent transfers and spent most of the stolen funds, prosecutors alleged.

Read more: http://www.upi.com/Top_News/2008/08/07/NY_bank_manager_admits_to_1M_theft/UPI-21481218129306/

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RavensChick

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Thu Aug-07-08 01:40 PM
Response to Original message

1. Sign of the times.

Sad. Well, here's one more reason to put your money in your matress!

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Sun May 05th 2024, 10:53 PM
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