On Monday, Virginia, and Alexandria Banks Branch Manager has pleaded guilty of stealing around $5000000 from elderly customers after gaining their trust to handle their transactions individually.
Fetehi Mohammed is a Branch Manager at Wells Fargo Bank Branch since 2015, evaluated which customers had enough funds that his unauthorized withdrawals wouldn’t prior notice, made the customer’s sign blank withdrawal slips, and informed bank tellers that he was seeking cashiers checks for the account holders, he accepted to file in federal court in Washington.
Mohammed has used the personal identification data of customers, including driver license number, issued in bank records, reports source.
He had worked for more than 10-years at the branch, started as a teller and personal banker. Mohammad was charged on August 30 with starting his scheme in about February 2017.
The accused has “used his position as a branch manager at Wells Fargo to ingratiate himself with elderly bank customers by providing them with personal assistance in their banking matters,” admitted Mohammed in plea papers.
He had cashier’s checks made payable to Navy Federal Credit Union, where he and his wife had a personal account in 2014, said the convict. Court filings have stated that the checking and saving accounts were handled by Mohammed.
However, the petition papers didn’t detail what fund was used for but informed that the convict has spent or used all of it.
Before the scheme started, as per the report of the court filings, Mohammed had $193.96 in the credit of Union Account. Thereafter, all its savings deposits were illegally obtained, he admits. But at the end of 2-years in the half-million-dollar fraud, Mohammed was left with $3233.37 in March.
He further acknowledged that in last year’s November, he has withdrawn funds from ATMs, purchased goods as well as services exceeding $5000, including an $885 Amtrak Ticket. In the same month, Mohammed has also deposited $100000 into his Navy Federal Account and used $32450.51 to pay charges for American Express, reads the plea papers.
Fetehi Mohammed faces up t0 10-years imprisonment after admits one count of felony bank fraud and engaging in monetary transactions, added the plea papers.
In a petition deal, the accused and the US Prosecutors in the District of Columbia have agreed that after accepting responsibility, he faces a suggested sentence of 41 to 51 months and a fine of up to $150000 under federal guidelines and will pay $509849.95 in restoration.
The United States District Judge Ellen Huvelle of Washington has set sentencing for January 8.