Alabama stockbroker accused of embezzling funds from bank - FOX10 News | WALA

Alabama stockbroker accused of embezzling funds from bank

Posted: Updated:

BIRMINGHAM, Ala. (AP) - A former Alabama stockbroker is accused of embezzling over $200,000 from BBVA Compass Bank.

The U.S. Attorney's Office for the Northern District of Alabama said in a news release Wednesday that 30-year-old Eric Scott Darty agreed to plead guilty to a charge of bank embezzlement and sign a plea agreement.

Authorities say Darty was a bank employee when he began manipulating customer cashier's checks that were intended to purchase insurance products. At times between 2015 and 2016, he's accused of renegotiating customers' original cashier's checks into ones for lesser amounts and pocketing the remaining cash.

Darty admitted the scheme involved 47 unauthorized transactions in 13 accounts belonging to nine customers.

Darty faces a potential prison sentence of up to 30 years and a fine of up to $1 million.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
Powered by WorldNow CNN
All content © 2017, WALA; Mobile, AL. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.