A Truist Bank employee allegedly manipulated the system to steal a wad of cash from the bank’s customers without their knowledge and consent.
In a new filing, the Federal Deposit Insurance Corporation (FDIC) says Alexi J. Rearick has been caught committing bank fraud at a Truist branch in Charlotte.
The FDIC alleges that Rearick cashed 13 fraudulent checks worth $69,040 from five customer accounts, forcing the bank to absorb the losses after reimbursing victims for losses.
“Defendant engaged in and participated in unsafe or unsound banking practices in connection with the Bank. Defendant’s practices caused the Bank to suffer financial loss and resulted in financial gain or other financial benefit to Defendant.
Defendant’s practices involved personal dishonesty and had been demonstrated Defendant’s willful and continued disregard for the safety and soundness of the Bank.”
The regulator has barred Rearick from working at or participating in the activities of any FDIC-insured bank, holding company or affiliate without prior approval.
The FDIC says the ban order will remain enforceable until a regulator decides to suspend, modify, terminate or set aside the provisions in writing.
Rearick has agreed to the terms of the FDIC’s prohibition order without admitting or denying the theft, which occurred between December 20, 2021 and January 13, 2022.
The regulator added that the order does not prevent other government agencies from taking legal action against Rearick if deemed appropriate.
Truist Bank is the ninth-largest commercial bank in the U.S., with more than $535 billion in assets, according to the Federal Reserve.
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