Wells Fargo Insider Arrested for Stealing Money from Accounts
Published on Aug 17, 2009 - 6:16:44 AM
SACRAMENTO, Calif. August 14, 2009 - United States Attorney Lawrence G. Brown announced today that RONITA PRASAD, 28, of Antelope, was arrested this morning for unauthorized access to a protected financial institution computer, bank fraud, and aggravated ID theft offenses.
This case is the product of a combined investigation by the United States Postal Inspection Service, and the Sacramento Sheriff's Department.
According to Assistant United States Attorney Michelle Rodriguez, who is prosecuting the case, between December 15, 2008 and July 1, 2009 PRASAD, while employed as a telephone banker at the Wells Fargo Bank Call Center, accessed the bank's protected computer system without authorization. She obtained customer information to pay her own personal debt, to open credit card accounts and obtain credit cards for her fraudulent use, and to obtain ATM cards to steal cash. PRASAD also is alleged to have caused blank checks to be issued on high dollar accounts for her fraudulent use.
PRASAD faces up to 30 years in prison for each bank fraud charge, up to five years additional in prison for her unauthorized access to a protected computer, and a minimum mandatory of two years in prison for each charge of aggravated ID theft. The actual sentence, however, will be determined at the discretion of the court after consideration of the Federal Sentencing Guidelines, which take into account a number of variables and any applicable statutory sentencing factors.
PRASAD is scheduled to make an initial appearance today on the complaint at 2:00 PM before United States Magistrate Judge Dale A. Drozd.
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