BOSTON – A Saugus man has been arrested and charged for allegedly embezzling bank funds while working as a teller at TD Bank.
Derek Aut, 28, has been charged by criminal complaint with embezzlement by a bank employee. Aut was arrested yesterday and released on conditions following an initial appearance in federal court in Boston.
According to the charging documents, Aut allegedly stole from the bank accounts of two TD Bank customers. When one of the victims noticed money missing from her account, Aut allegedly attempted to cover up his theft by taking money from the other victim’s account and depositing it into the first victim’s account. In total, Aut is alleged to have taken more than $180,000 from the victims’ accounts.
The charge of embezzlement by a bank employee provides for a sentence of up to 30 years in prison, five years of supervised release and a $1 million fine. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and other statutory factors.
United States Attorney Joshua S. Levy and Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England made the announcement. Assistant U.S. Attorney Kristen A. Kearney of the Securities, Financial & Cyber Fraud Unit is prosecuting the case.
