A bank manager has been accused of stealing more than $150,000 from multiple customer accounts, forcing his employer to absorb the losses.
Authorities say Zachary Reed, a 30-year-old former manager at the Brookfield branch of First National Bank, faces 12 counts of theft and one count of forgery for allegedly stealing money from customer accounts. Reports CBS affiliate WKBN.
In a police report, investigators at First National Bank say they began making inquiries and examining account transactions after bank customers reported their personal accounts stolen.
Investigators say they found Reid was likely the mastermind behind the robbery, prompting the bank to let him go in January of this year.
Investigators say they contacted police in February after making initial findings that $37,000 had been stolen from the bank.
But upon closer examination, they found that a total of $154,410 had been taken from 12 customer accounts in 37 transactions.
First National Bank says it has reached out to affected customers to notify them of the theft. The bank also says it had to bear losses after affected customers recovered.
Meanwhile, Reid was indicted last week and pleaded not guilty during his trial. The former bank manager is scheduled to appear in court this month.
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