Sunday, February 25, 2024
Sunday, February 25, 2024
Sunday, February 25, 2024

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

»

Published

»

Sign up with Your Content for the latest updates. Have a story or news tip? Contact our 24/7 newsroom at 833.336.8013 or email us.

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

Victim #4 – April, 2015 – $218,363.94

- Advertisement -

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

Your Content is a publication centered around breaking news, trends, and true crime investigations. Sign up to receive our biggest stories as soon as they’re published.

Ohio High School Principal Resigns Amid Sexual Harassment Investigation

Robert Griffiths, the principal of an Ohio high school, has resigned following allegations of...

Serial Bank Robber Arrested in Metro Atlanta Following Multi-Agency Investigation

Dallas, Georgia, police, in conjunction with other law enforcement agencies, have successfully apprehended a...

Search for Armed Robbery Suspect in Maumelle Dollar General

The Pulaski County Sheriff’s Office is requesting public help in identifying a suspect involved...

Birmingham Police Arrest Man as Investigation into Father’s Disappearance Takes a Dark Turn

BIRMINGHAM, Ala. — The Birmingham Police Department has reported a significant development in a...