JPMorgan bankers accused of theft from dead


Bank fraud can follow you to the grave.

Bloomberg News reports that’s what prosecutors in Brooklyn, New York, said in the case of two men who worked as personal bankers at JPMorgan and are accused of stealing $400,000 from inactive bank accounts. At least eight account holders were dead.

Jonathan Francis, 27, and Dion Allison, 30, were charged with crimes including conspiracy and second-degree grand larceny. The men and their conspirators made more than 350 ATM withdrawals from about 15 accounts, according to an indictment unsealed this month.

Francis and Allison “preyed” on such accounts, New York City Police Commissioner William J. Bratton said in a statement. “Not only did they raid their victims’ savings, they also failed to conceal their deceitful tracks,” he said.

Francis and a third alleged conspirator were arraigned this month. A fourth person remains at large. Francis and Allison pleaded not guilty, according to Oren Yaniv, a spokesman for Brooklyn District Attorney Ken Thompson.

To access the complete Bloomberg News article hit the link below:

Ex-JPMorgan Personal Bankers Accused of Theft From the Dead

Hedge Funds Drag Gas to 16-Year Low One Week, Rally the Next

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts