Tuesday, November 25, 2014

Former Bank Teller In California Arrested For Allegedly Embezzling $240K From Elderly Bank Client Accounts

From CalNews, Inc. on 11/23/2014:

Two elderly people in Orange County had their bank accounts tapped by a dishonest bank teller, who has been arrested for embezzlement and money laundering by the Secret Service, police said Sunday.

About $200,000 was siphoned away from the trusting victim by Jake Chih Wie Cheng, 23, police in Huntington Beach said. After he was transferred to San Clemente, another elderly victim was hit for $40,000.

Cheng was immediately fired by Wells Fargo when the embezzlements were discovered, and will be facing enhanced federal charges because the victims were elderly, according to the Huntington Beach police, who helped bring the arrest.

The former teller was arrested Friday at his home in Tustin, and was awaiting charges Sunday at the federal jail in Santa Ana. He had worked at the Wells Fargo branch at 7902 Edinger Ave. in Huntington Beach, police said.

That’s where Cheng reportedly befriended a man and convinced him to give money to him. After a few months, the teller began forging temporary checks drawn on the man’s account, police said.


Read the whole story here.

No comments: