Police: Bank employee manipulated his loans, moved funds to his accounts
SENECA FALLS, N.Y. —
A Waterloo man is facing several charges for allegedly manipulating transfers and loans at a bank he worked for, according to the Seneca Falls Police Department.
Seneca Falls Police say a joint investigation with the Internal Auditor of Generations Bank indicated the man used another employee's digital credentials to transfer funds mean for a bank income account to his own personal accounts at least three times dating back to December 2015. The total amount of funds moved was $1,894.60, police said.
Police say the man also manipulated two loans he had with the bank so he was not billed and not charged several hundred dollars in penalties over the course of a six month period in 2017.
Police say the suspect, identified as 37-year-old Michael Stein, faces five counts of Falsifying Business Records, five counts of Computer Trespass and five counts of Petit Larceny.
Police say Stein was arraigned in the Seneca Fall Court, where the case was divested to county court.