Bank Manager Allegedly Drains $154,410 From 12 Customer Accounts in Ohio

A bank manager is accused of stealing more than $150,000 from multiple customer accounts, forcing his employer to absorb the losses.

Authorities say Zachary Reed, a 30-year-old ex-manager at the Brookfield branch of First National Bank, is facing 12 counts of theft and one count of forgery for allegedly stealing money from customer accounts, reports the CBS affiliate WKBN.

In a police report, investigators at First National Bank say they began making inquiries and looking at account transactions after bank customers reported theft from their personal accounts.

The investigators say they found that Reed was likely the mastermind behind the theft, leading the bank to let him go in January of this year.

The investigators say they contacted the police in February after their initial findings that $37,000 was stolen from the bank.

But upon closer inspection, they found that a total of $154,410 was taken from 12 customer accounts in 37 transactions.

First National Bank says it reached out to impacted customers to let them know about the theft. The bank also says it had to take the losses after making the affected customers whole.

Meanwhile, Reed was charged last week and pleaded not guilty during his arraignment. The former bank manager is slated to appear in court this month.

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The post Bank Manager Allegedly Drains $154,410 From 12 Customer Accounts in Ohio appeared first on The Daily Hodl.