BOSTON — A Saugus man was arrested and charged for allegedly embezzling bank funds while working as a teller at TD Bank, according to a press release from United States Attorney Joshua S. Levy.
Derek Aut, 28, was charged with embezzlement by a bank employee and was arrested on Wednesday. He was released with conditions after an appearance in federal court, according to the release.
It is alleged that Aut stole from two TD Bank customers. After one of the victims saw the missing money, Aut allegedly attempted to cover up the theft by taking money from a different customer account and depositing it into the original victim’s account. It is alleged that Aut stole more than $180,000 from the accounts, according to the release.
Embezzlement by a bank employee can have a sentence of up to 30 years in prison, five years of supervised release and a $1 million fine. The sentence is based on the U.S. Sentencing Guidelines and other statutory factors, according to the release.
All charges as of right now are allegations and Aut is presumed innocent until proven otherwise beyond a reasonable doubt in a court of law.
