JPMorgan Chase Insider Drains Customers’ Accounts, Lifts $12,948 in Cash From ATMs: US Bank Regulator

A U.S. regulator says a former JPMorgan Chase worker has admitted to stealing hundreds of {dollars} from clients’ accounts and the financial institution’s ATMs.

The Workplace of the Comptroller of the Coin (OCC) says Roberto Garcia, a former Chase private banker, stole roughly $12,948 from the financial institution whereas serving as an ATM custodian in Miami, Florida.

Chase found money shortages on the ATMs the place Garcia was purported to load money after conducting an audit in September 2019, the federal company stated.

In an interview with JPMorgan Chase investigators, the OCC says Garcia later admitted to stealing $12,732 from the ATMs.

The OCC additional accuses Garcia of account takeovers whereas working at JPMorgan Chase.

“Defendant gained entry to eight buyer accounts and altered the registered phone numbers from buyer numbers to his personal private cell phone quantity.

On six of the eight accounts, defendant registered the shoppers’ debit or bank cards in his private digital Apple Pay Pockets.”

Whereas registering JPMorgan Chase clients’ credit score or debit playing cards in his private Apple Pay Pockets, the OCC alleges that Garcia then tried to conduct fraudulent transactions price greater than $7,000. Roughly $2,473 of the fraudulent transactions have been efficiently processed.

“Defendant’s actions brought on a loss to the Financial institution of roughly $2,473 when the Financial institution refunded the accounts of affected clients.”

Though the OCC says Garcia has verbally admitted to what he did, the group is now asking him to submit a written response to the formal allegations.

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