Bank Insider Drains $12,500 From Deceased Customer’s Account in Series of Unauthorized Transactions: Federal Reserve

The Federal Reserve says a US bank employee took advantage of a customer’s death and stole more than $10,000. According to a new memo issued by the Fed’s Board of Governors, Klaus Koberstein – a senior sales associate at the East Cambridge Savings Bank in Cambridge, Massachusetts – drained $12,500 from a deceased customer’s bank […]
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