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Former bank manager charged with wire fraud

A Lancaster, Pennsylvania man who was a former manager of a Fulton Bank is now facing serious federal charges. The man is accused of stealing nearly $100,000 from the bank and using that money to pay for his personal expenses. As he prepares a response to these wire fraud charges, few details have been released to the public. As is so often the case, the individual who is accused of the crime has not released a statement, and he is unlikely to do so until the matter has been resolved in court.

The 42-year-old man worked as a manager at the Lancaster bank. Authorities allege that between May 2010 and July 2014, he withdrew funds from an account belonging to the Manor Shopping Center Merchants Association. The amount of the withdrawals is listed as just over $99,000. There is no mention of why he no longer works for the bank, or if his employment changed as a result of an investigation into this matter.

The former bank manager is accused of removing those funds by means of dozens of cashier's checks. Those checks were allegedly deposited into the man's personal account at another bank. In addition, the man is accused of making electronic transfers of funds from the Merchants Association account to pay for his own personal expenses.

The Pennsylvania man is now facing three counts of wire fraud. If a conviction is the final result of those charges, he could face up to 60 years in prison. In addition, he could be ordered to pay restitution and a fine of up to $750,000. As he prepares to respond to the federal charges against him, those potential outcomes are likely at the forefront of his thoughts.

Source: wgal.com, "Former Fulton Bank manager accused of taking $99,000", Dec. 18, 2015

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