Sunday, March 14, 2010

Ex-Bank Manager Accused of Bilking Elderly

A former San Jose bank manager has been arrested for allegedly embezzling more than $900,000, primarily from elderly clients.

John Tran, 37, was charged Thursday with crimes including fraud and forgery as a result of a two-month investigation by the financial crimes division of the San Jose Police Department.

Investigators believe Tran victimized customers of the Wells Fargo Bank on Lincoln Avenue in San Jose, where he used to be a manager.

The alleged thefts continued even after Tran left the bank in February 2009, police said. He would visit people at their homes, talk them into making investments and then steer their cashier checks his way, investigators said.

Full Article and Source:
Ex Bank Manager Accused of Bilking People

2 comments:

Betty said...

$900K? And nobody caught him until he had stolen that much?

Is anybody watching?

Thelma said...

Hey, what is our government doing these days, anyhow?