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Wed Mar 31, 2021, 05:14 AM

Salem bank manager admits to stealing from accounts of dead customers

A former Salem bank branch manager has pleaded guilty in federal court to bank fraud, with prosecutors saying he stole or tried to steal nearly $565,000.

Acting United States Attorney John J. Farley said from at least April 2016 to September 2017 Kazi Pervez, 41, of Methuen, Mass., used his position as a Santander Bank branch manager to steal, including creating accounts using the names of dead customers.

“Pervez then withdrew funds from the accounts that exceeded the balance of the accounts and used his authority as branch manager to authorize the overdraft from the account,” the U.S. Attorney’s Office news release said.

-snip-

In total, Pervez stole or fraudulently overdrew about $564,590.02 from other peoples’ bank accounts, the news release said. Of that amount, Pervez successfully transferred more than $450,000 to other accounts outside the bank for his personal use.

Read more: https://www.unionleader.com/news/crime/salem-bank-manager-admits-to-stealing-from-accounts-of-dead-customers/article_177dbf16-9f6d-5b0c-98ee-f519c0e117a1.html

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Reply Salem bank manager admits to stealing from accounts of dead customers (Original post)
TexasTowelie Mar 2021 OP
keithbvadu2 Mar 2021 #1

Response to TexasTowelie (Original post)

Wed Mar 31, 2021, 08:30 AM

1. Some call it embezzling or theft. Others call it creative bookkeeping.

Some call it embezzling or theft.

Others call it creative bookkeeping.

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