Bank Mgr., Realty Exec Charged In Multimillion-Dollar Fraud

Law360, New York (May 18, 2017, 7:43 PM EDT) -- A branch manager at a major retail bank in New York and an executive and a bookkeeper of a real estate company were charged Thursday with bank fraud, bank fraud conspiracy and money laundering conspiracy in what federal prosecutors say was a multimillion-dollar scheme to plunder the company’s bank accounts.

Chitakra Ramudit, the former branch manager of the unnamed bank, abused her position to steal more than $1 million from the client accounts, including those of two elderly account holders, the U.S. attorney’s office said in...
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