On Friday, it was announced that a former assistant manager at Citizens Bank in South Philadelphia and his wife had been charged in relation to a bank fraud scheme. 53-year-old Craig Green and 38-year-old Bridgette Green of Philadelphia, Pennsylvania were charged by indictment with one count of conspiracy to commit bank fraud, one count of bank fraud, one count of aggravated identity theft and 26 counts of money laundering.
The indictment alleges that Craig Green used his position at Citizens Bank to improperly access the bank account information of customers and create a second account in the name of the same customer. Then, Craig Green is accused of transferring funds from the legitimate account into the fraudulent account. The indictment alleges that Craig and his wife would write checks drawing from the fraudulent account to a co-conspirator.
Then, the co-conspirator allegedly deposited the checks and provided money to the defendants. The indictment claims that the Greens were able to fraudulently withdraw roughly $165,498 during the course of the scheme. If convicted, the defendants could face a maximum possible sentence of 557 years in prison and a $14,500,000 fine. At this point in time, the defendants are innocent until proven guilty beyond a reasonable doubt in a court of law.
Further details have been made available here.