A former Alabama stockbroker is accused of embezzling over $200,000 from BBVA Compass Bank.
The U.S. Attorney’s Office for the Northern District of Alabama said in a news release that 30-year-old Eric Scott Darty agreed to plead guilty to a charge of bank embezzlement and sign a plea agreement.
Authorities say Darty was a bank employee when he began manipulating customer cashier’s checks that were intended to purchase insurance products. At times between 2015 and 2016, he’s accused of renegotiating customers’ original cashier’s checks into ones for lesser amounts and pocketing the remaining cash.
Darty admitted the scheme involved 47 unauthorized transactions in 13 accounts belonging to nine customers.
Darty faces a potential prison sentence of up to 30 years and a fine of up to $1 million.
Topics Alabama
Was this article valuable?
Here are more articles you may enjoy.
Hurricane Isaias Reaches Cat 3 Status as Insurers, Adjusters, Property Owners Prepare 
NY City Accuses Law Firm of Running Injury Claims Fraud Operation 
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs 
TSMC Mulls Multibillion-Dollar Texas Site for More AI Chips 
