From Tribune Interactive, “A former BBVA Compass Investment Solutions employee was charged Wednesday with embezzling more than $200,000 from the bank, according to a release by U.S. Attorney Jay E. Town and FBI Special Agent in Charge Johnnie Sharp Jr.
At times between November 2015 and his termination in October 2016, Darty would renegotiate a customer’s original cashier’s check into a cashier’s check for a lesser amount.
Darty would receive the left-over amount as cash, typically several thousand dollars, and keep the cash for himself, rather than returning it to the customer or using it to buy the investment product on the customer’s behalf.
According to the plea agreement, he would use the newly issued cashier’s check to purchase the investment product. In some circumstances, Darty renegotiated an original cashier’s check more than one time into successively smaller amounts.
On some occasions, he would move money between customer accounts to attempt to cover his embezzlement.”