Bank Employee Banned From Industry After Allegedly Stealing $15,000 From Lender, Hiding Paper Trail With Rotten Receipts
The Office of the Comptroller of the Currency (OCC) is taking action against a former bank employee for allegedly stealing thousands of dollars in just one week.
The OCC says it’s issuing an order of prohibition against Sabrina Prince for violations of law that resulted in unjust enrichment at the expense of PNC Bank.
Between May 24th and May 31st of 2023, the OCC says Prince, who was at the time working as a teller at a PNC Bank Alabama branch, allegedly stole $15,000 in cash from her employer.
Prince is accused of modifying the bank’s cash shipment processing receipts in an effort to conceal the missing funds.
According to the OCC, PNC Bank bore financial losses as a result of Prince’s personal dishonesty.
In a consent order, the regulator bans Prince from working at insured institutions including banks and credit unions. She’s also barred from working at any federal depository regulatory agency, the Federal Housing Finance Agency and any Federal Home Loan Bank.
Prince has agreed to the OCC’s findings and order without admitting or denying any wrongdoing.
The OCC says other US federal agencies such as the Department of Justice (DOJ) can still file complaints against Prince even though she agreed to the stipulations of the consent order.
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The post Bank Employee Banned From Industry After Allegedly Stealing $15,000 From Lender, Hiding Paper Trail With Rotten Receipts appeared first on The Daily Hodl.