When we entrust our money to a bank, we expect its employees to handle the finances with the utmost integrity. However, the actions of bank employees can sometimes be misinterpreted as embezzlement. While these actions might be innocent, it’s crucial to understand why they could appear suspicious.
Actions that look suspicious
The following is a list of possible actions that an employee of a bank – including officers, directors, and agents – might take that others may misinterpret as embezzlement. They include:
- Unusual account transfers regardless of intentions
- Account balance adjustments
- Security protocol overrides for no good reason
- Voided transactions
- Unauthorized account access without a valid reason
- Issuing credits without authorization
Any action that seems like an attempt to conceal fund misappropriation can lead to criminal charges.
Federal law on embezzlement
Under federal law, bank employees convicted of embezzlement can face severe penalties.
A conviction leads to imprisonment of up to 30 years, up to $1,000,000 in fines or both. If the amount allegedly embezzled doesn’t exceed $1,000, the fine can be much lower – but it’s still a court-determined amount.
It’s important for bank employees to maintain clear records and adhere strictly to protocols. Even a simple transaction performed without authorization can lead to federal criminal charges. If you are a bank employee facing federal charges for allegedly embezzling funds, know that you don’t have to face it alone. A legal professional can help you understand your options in court and fight to protect your rights.