Sunday, January 24, 2021
Sunday, January 24, 2021

Gloucester County, New Jersey, Woman Admits Role In $600,000 Embezzlement And Money Laundering Scheme

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CAMDEN, N.J. – A Gloucester County, New Jersey, woman today admitted embezzling more than $600,000 from dormant TD Bank customer accounts, U.S. Attorney Paul J. Fishman announced.

  • Telisha Trent, 43, of Williamstown, New Jersey, pleaded in Camden federal court to one count of bank fraud and one count of money laundering
  • From Aug. 9, 2014, through Sept. 11, 2015, Trent used her position as a financial services representative and bank teller at TD Bank to identify dormant checking and savings accounts, primarily held by elderly customers
  • Trent would research the account holder in order to assess the risk of whether the account holder would notice that the funds in the account were removed
  • She would steal the money in the dormant account by transferring the funds to accounts she controlled or have a cashier’s check issued in her name
  • Trent then transferred the funds through a series of accounts that she controlled in order to hide her fraud. Also, in order to avoid detection, Trent closed the dormant accounts
  • Trent admitted obtaining $608,000 in cash from eight TD Bank customers in New Jersey, Connecticut, and Ohio
  • She admitted spending the money on home renovations, lavish trips, two luxury BMW sedans, items for her children, and other items
  • TD Bank reimbursed the victims for the money and funds stolen by Trent
  • The count of bank fraud carries a maximum potential penalty of 30 years in prison and a $1 million fine; the count of money laundering carries a maximum potential penalty of 10 years in prison and $250,000 fine
  • U.S. Attorney Fishman credited special agents of the FBI’s South Jersey Resident Agency, under the direction of Special Agent in Charge William F. Sweeney Jr. in Philadelphia
  • Sentencing is scheduled for Nov. 7, 2016

VICTIMS  & AMOUNTS 

Victim #1 – August, 2014 – $27, 921.46

Victim #2 – Oct. + Nov. 2014 – $40,200.36

Victim #3 – February, 2015 – $20,069.74

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Victim #4 – April, 2015 – $218,363.94

Victim #5 – July, 2015 – $45,363.94

Victim #6 – July 2015 – $57,578.33

Victim #7 – August, 2015 – $92,072.84

Victim #8 – August 2015 – $106,857.59

Total: $608,482.98

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