An employee at a $23.8 billion bank embezzled $44,000 worth of customer money before getting slapped with an industry ban.

The Federal Reserve says former Bank of Hawaii employee Alohi Kaupu-Grace, 23, stole from customer accounts and falsified the customers’ signatures on cash withdrawal slips and cashier’s check purchase slips.

Kaupu-Grace paid $5,200 in partial restitution to the bank and was fired in March. The Hawaii resident consented to an order from the Federal Reserve Board of Governors banning her from working for any of the Fed’s insured depository institutions.

The ban will stay in place indefinitely unless the Board of Governors rescinds it, and the order doesn’t prohibit any other Federal or state agency or department from taking action against Kaupu-Grace.

In May, Hawaii Island police arrested Kaupu-Grace for allegedly using someone else’s credit card.

A victim contacted police after receiving a text from his credit card company about a fraudulent charge made to his account. The police say they tracked the credit card usage back to Kaupu-Grace, who allegedly secured the victim’s confidential information while working at Bank of Hawaii.

She was charged with second-degree theft, second-degree identity theft, unauthorized possession of personal confidential information and fraudulent use of a credit card.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Employee at Billion Dollar Bank Embezzles $44,000 From Customer Accounts Before Being Banned From Industry appeared first on The Daily Hodl.

An employee at a $23.8 billion bank embezzled $44,000 worth of customer money before getting slapped with an industry ban.

The Federal Reserve says former Bank of Hawaii employee Alohi Kaupu-Grace, 23, stole from customer accounts and falsified the customers’ signatures on cash withdrawal slips and cashier’s check purchase slips.

Kaupu-Grace paid $5,200 in partial restitution to the bank and was fired in March. The Hawaii resident consented to an order from the Federal Reserve Board of Governors banning her from working for any of the Fed’s insured depository institutions.

The ban will stay in place indefinitely unless the Board of Governors rescinds it, and the order doesn’t prohibit any other Federal or state agency or department from taking action against Kaupu-Grace.

In May, Hawaii Island police arrested Kaupu-Grace for allegedly using someone else’s credit card.

A victim contacted police after receiving a text from his credit card company about a fraudulent charge made to his account. The police say they tracked the credit card usage back to Kaupu-Grace, who allegedly secured the victim’s confidential information while working at Bank of Hawaii.

She was charged with second-degree theft, second-degree identity theft, unauthorized possession of personal confidential information and fraudulent use of a credit card.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Employee at Billion Dollar Bank Embezzles $44,000 From Customer Accounts Before Being Banned From Industry appeared first on The Daily Hodl.