Arizona banker sentenced for defrauding elderly customer of $1.25M
Nov 16, 2020, 1:20 PM | Updated: 5:29 pm
(AP Photo)
(AP Photo)
TUCSON, Ariz. (AP) — A Tucson banker has been sentenced to nearly two years in prison for defrauding an 82-year-old customer.
Federal prosecutors said 38-year-old Jacob Roach was given a 40-month prison term and ordered to pay $1.25 million in restitution.
They said Roach was employed as a business relationship banker for a large bank in the Tucson area.
He was accused of fraudulently creating a bank account in the victim’s name and embezzling the $1.25 million for his own use.
Roach resigned from his position before the bank discovered the scheme.
