BRIDGEPORT, Conn. (WTNH) – A former bank worker is facing federal charges after investigators say he stole more than $100,000 from customer’s bank accounts.
32-year-old Alexander Alvarez of East Lyme was indicted today on two counts of bank fraud. He appeared Wednesday afternoon in Bridgeport Federal Court and is currently being detained. The indictment alleges Alvarez stole $100,806.85 from one bank customer and $11,137.01 from a second bank customer between January 2012 and February 2013, while he was working as a “Financial Service Representative” for a bank in Newington.
Authorities say he targeted accounts that had little banking activity, and changed the home address on the account to a fake address, so the account owner wouldn’t immediately discover the fraudulent transactions. According to investigators, Alvarez then wrote up fake transfer slips, transferring thousands of dollars into to his own account or issuing the funds in a bank check.
Alvarez faces up to 30 years in prison and a fine of up to $1,000,000. A detention hearing is scheduled for October 24.