A financial institution supervisor is accused of stealing greater than $150,000 from a number of buyer accounts, forcing his employer to soak up the losses.
Authorities say Zachary Reed, a 30-year-old ex-manager on the Brookfield department of First Nationwide Financial institution, is going through 12 counts of theft and one rely of forgery for allegedly stealing cash from buyer accounts, experiences the CBS affiliate WKBN.
In a police report, investigators at First Nationwide Financial institution say they started making inquiries and taking a look at account transactions after financial institution prospects reported theft from their private accounts.
The investigators say they discovered that Reed was probably the mastermind behind the theft, main the financial institution to let him go in January of this 12 months.
The investigators say they contacted the police in February after their preliminary findings that $37,000 was stolen from the financial institution.
However upon nearer inspection, they discovered {that a} complete of $154,410 was taken from 12 buyer accounts in 37 transactions.
First Nationwide Financial institution says it reached out to impacted prospects to allow them to know in regards to the theft. The financial institution additionally says it needed to take the losses after making the affected prospects entire.
In the meantime, Reed was charged final week and pleaded not responsible throughout his arraignment. The previous financial institution supervisor is slated to seem in court docket this month.
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