Bank Insider Drains $12,500 From Deceased Customer’s Account in Series of Unauthorized Transactions: Federal Reserve – The Daily Hodl

The Federal Reserve says a US bank employee took advantage of a customer’s death and stole more than $10,000. According to a new memo issued by the Fed’s Board of Governors, Klaus Koberstein – a senior sales associate at the East Cambridge Savings Bank in Cambridge, Massachusetts – drained $12,500 from a deceased customer’s bank [...]