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07/13/2025
Bank Insider Allegedly Drains $477,000 From 12 Customer Accounts Without Authorization: US Department of Justice
The Daily Hodl
The Justice Department says in July and August of 2024, Damani Brown allegedly used his credentials to access the accounts of 12 customers and then drained a total of $477,000 from those accounts.
The employee allegedly worked with a co-conspirator.
“Brown was able to see whether the victim customers had ever registered their online accounts, their bank member number and social security number. Shortly after Brown performed a lookup, a co-conspirator registered the victim customer’s online account.”
After being drained from the dozen customer accounts, the funds were moved to third-party accounts, according to the Justice Department. Approximately $327,000 was transferred via CashApp or withdrawn from local bank branches. Some of the victims reported about their missing money to the bank within a few days of noticing the unauthorized transactions.
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