According to the Federal Deposit Insurance Corporation (FDIC), an employee at a bank of a billion dollars has transferred a huge stack of cash from customer accounts without permission for his own purposes.
In a new application, the FDIC to claim That while working as an international sales representative at the International Bank of Commerce in Laredo, Texas, Martin Fernandez, Jr. “Unauthorized transfers of around $ 123,563” made of the accounts of two customers between July 2018 and August of 2021.
According to the FDIC, Fernandez has moved the money to three of his well -known employees.
The American bank regulator says that one of the victims of Fernandez was an international trade customer who wanted to open a new account. After the account was opened, Fernandez then helped the customer funds to the newly made account on or around July 18, 2019.
Between five and seven months later, Fernandez made several unauthorized transfers from the same account to another employee without the customer’s permission.
Fast Vooruit to between July 20, 2020 and 12 August 2021, Fernandez also started several unauthorized transfers from the report from another customer to another employee.
The bank ruler says that the former employee of the International Bank of Commerce has already been charged with criminal.
“On October 19, 2023, the respondent introduced a guilty plea in the court of Webb County, Texas, to one count of third -degree crime theft based on the misconduct, just summarized.”
The FDIC says that the actions of Fernandez, who caused the International Bank of Commerce a financial loss, formed the violence and unsafe and defective bank practices. Consequently, Fernandez may be excluded from working in banks established in the US and other financial institutions regulated by the FDIC.
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