The 15 JPMorgan Chase bank accounts had a few things in common: They had high balances, there was little activity on them and they belonged to elderly clients — indeed, at least eight were dead.
And all 15 of the accounts got regular cash infusions, thanks to direct deposits from the Social Security Administration.
That caught the eye of two private bankers who worked at a Bedford-Stuyvesant branch of JPMorgan Chase, Jonathan Francis and Dion Allison, according to an indictment filed this month in State Supreme Court in Brooklyn. Creating cards for automated teller machines and forged documents, the men and their accomplices withdrew about $400,000 from the accounts over two years, according to the indictment.
Continue reading: 2 Bankers Charged With Creating A.T.M. Cards to Steal From Accounts