Thursday, February 27, 2014

Former Bank Exec In Florida Pleads Guilty To Embezzling $10 Million - Uses Money To Help Customers

From the Florida Times-Union on 2/25/14:

Federal authorities have charged a former Jacksonville bank vice president with embezzling $10.5 million for himself and customers, oddly using the money to help them with loans and other banking favors, court records show.

Christopher David Boston, 40, entered into a plea agreement with prosecutors last week in which he admitted to the thefts from Fifth Third Bank over a 3½-year period, records show. The thefts occurred while Boston was working as a vice president and a private banker at the bank’s Mandarin branch at 9716 San Jose Blvd. just south of Old St. Augustine Road. A private banker handles high dollar accounts, of which Boston had dozens.

Read the whole story here.

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