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Oct 7, 2013 by |

Theft By Bank Managers On The Rise

ATTORNEY NEWSLETTER

You don’t expect the manager of a major bank to walk off with hundreds of thousands of dollars of your money, yet this appears to be a crime perpetrated with increasing regularity against elders in California.

Oakland banker Linda Sue Foss was recently charged by the Alameda County District Attorney’s office with 20 felony counts, including elder financial abuse, stemming from allegations she stole nearly $2 million from at least five customers.  Prosecutors say the crimes occurred between May 2010 and April 2013 at local branches of U.S. Bank and First Republic Bank.  From all outward appearances, Foss was an upstanding citizen.  She was, until very recently, president of the Montclair Village Association and committee chair of the Oakland Relay for Life American Cancer Society fundraiser.

Media outlets also reported on two other major cases of theft from elders’ accounts by bank managers.  One case occurred at a Wells Fargo branch in San Jose and the other at a Chase Bank in San Jose.

Elder bank customers deserve to treated with honesty and respect, not bank fraud.  If you feel that you or a loved one has been the victim of bank fraud, the Evans Law Firm specializes in offering advice to elders and their families. Contact the lawyers at Evans Law Firm toll free at 1-888-50EVANS or 415-441-8669 for a free and confidential consultation, or e-mail info@evanslaw.com.

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