Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

Former Bank Branch Manager and an Auto Dealer Convicted of Defrauding Bank of Millions

June 11, 2010
Total Loss: $2.5 Million
A former bank branch manager and an auto dealer have pleaded guilty to conspiring to defraud a Houston-area bank of more than $2.5 million through a check kiting scheme, United States Attorney José Angel Moreno announced today. Houston area residents Matthew Robbins, 32, a former Wachovia Bank branch manager, and Thin Viet Tieu, 45, an auto dealer and customer of Wachovia Bank, pleaded guilty to conspiracy to commit bank fraud arising from a check kiting scheme before United States District Judge David Hittner at a hearing this morning.
Source: FBI - Houston
Posted in: Check Fraud
Tags: internalcheckkiting