$374,068 Drained From Bank Accounts As Bank Employee Allegedly Uses Customer Funds To Pay Husband’s Credit Card, Property Taxes and E*TRADE Deposit

The Federal Deposit Insurance Corporation (FDIC) is accusing a bank employee of making unauthorized transfers from customers’ accounts to pay for her husband’s expenses.

The FDIC says Truist Bank employee Danielle Solomon unilaterally made two Automated Clearing House (ACH) transfers totaling $21,618 from a customer’s account to pay her husband Jesse’s Citibank credit card debt.

The victim is more than 80 years-old.

The FDIC says Danielle admitted to initiating the ACH transactions but claimed she had discussed them with the victim. She was fired the same day.

The FDIC’s formal enforcement action against Danielle alleges that she also initiated other unauthorized transactions. On February 10th of 2021, for instance, Danielle allegedly accessed another elderly customer’s account, and wired out $230,000 to the Polk County Clerk of Courts without authorization.

“The February 10, 2021, wire was used to fund a bidding account for back tax properties in the name of Jesse Solomon in Polk County, Florida.

Jesse Solomon requested a refund from the bidding account for the full amount of funds transferred. As a result, $230,000 of funds originating from the account of J.H. were refunded from the bidding account to Respondent’s [Danielle] husband, Jesse Solomon.”

The FDIC further says that Danielle had on January 27th of 2020 made a wire transfer of $108,000 from J.L.’s account to a pass-through account. About $107,960 was later moved from the pass-through account to her husband’s E*TRADE Bank account.

The investigations also found that five ACH transactions of $14,450 were done from J.L.’s account between June 8th of 2020 and January 4th of 2021 to pay her husband’s Citibank credit card balances.

Transactions linked to J.L.’s account allegedly continued even after the bank fired Danielle.

“On March 12, 2021, Respondent [Danielle] deposited $21,618.31 into J.H.’s account.

On April 7, 2021, a check deposit of $232,548.36 was attempted from J.H.’s own Merrill Lynch account into J.H.’s account at the Haines City branch of the Bank [in Florida].”

According to the FDIC, Danielle caused Truist Bank a total loss of $374,068.

The regulator is seeking to compel her to pay $352,450 in restitution and ban her from working in the banking industry without prior regulatory approval.

Danielle has 20 days to respond to the enforcement action and request a hearing.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post $374,068 Drained From Bank Accounts As Bank Employee Allegedly Uses Customer Funds To Pay Husband’s Credit Card, Property Taxes and E*TRADE Deposit appeared first on The Daily Hodl.