Complete Story
 

07/13/2025

Bank Insider Allegedly Drains $477,000 From 12 Customer Accounts Without Authorization: US Department of Justice

The Daily Hodl

The federal government is accusing a bank employee of stealing hundreds of thousands of dollars from a dozen customers.

The Justice Department says in July and August of 2024, Damani Brown allegedly used his credentials to access the accounts of 12 customers and then drained a total of $477,000 from those accounts.

The employee allegedly worked with a co-conspirator.

“Brown was able to see whether the victim customers had ever registered their online accounts, their bank member number and social security number. Shortly after Brown performed a lookup, a co-conspirator registered the victim customer’s online account.”

After being drained from the dozen customer accounts, the funds were moved to third-party accounts, according to the Justice Department. Approximately $327,000 was transferred via CashApp or withdrawn from local bank branches. Some of the victims reported about their missing money to the bank within a few days of noticing the unauthorized transactions.

More Info

Printer-Friendly Version