Trusted Employee Has Gambling Habit
An assistant branch manager at a small local bank was a long-time, trusted employee. In addition to his management responsibilities, this individual acted as a loan officer for the bank. Unfortunately, he had a gambling habit to support, and he embezzled in excess of $350,000 over three years via fictitious loans (all in the names of real borrowers). The loan amounts were within the loan officer’s authority. During the investigation, it was noted that the officer seldom took vacation over successive days.