A TD Bank employee in South Jersey admitted to embezzling more than $600,000 from inactive TD Bank customer accounts, according to U.S. Attorney Paul J. Fishman.

Telisha Trent admitted using her position as a financial services representative to take advantage of dormant accounts for over a year from August 2014 to September 2015. She would find accounts belonging to elderly costumers that had become inactive. After researching to see how likely the missing money would be noticed, she would transfer the funds to account she controlled or issue a cashier's check in her name, then hid the fraud through a series of other accounts.

She was able to collect $608,000 in cash from eight TD Bank customers in New Jersey, Connecticut, and Ohio, and she admitted that she spent the money on home renovations, vacations, two BMWs, presents for her children, and other items.

After the fraud was discovered, TD Bank reimbursed the victims for the money and funds stolen.

Trent plead guilty to one count of bank fraud and one count of money laundering. 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.

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