Bank employee suspected of stealing millions from customers

By
December 4, 2012 18:17
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

For years a trusted teller at a Taibeh bank siphoned millions from the accounts of loyal, unsuspecting bank customers before the scam unraveled and he was arrested this week, police reported on Tuesday.

The anti-fraud unit of the Central District police said Tuesday that the 49-year-old Baka al-Gharbiya resident, who worked for more than 20 years at the bank, managed to skim money from customer accounts for years until the bank's internal security unit caught on to the scam and notified police.

Chief Inspector Ran Batat, head of the Central District's anti-fraud unit, said police so far don't have any indication that the man was working the scam on behalf of organized crime figures in the Triangle, but that the possibility has not been ruled out.

While Batat would not go into details about how the scam worked, he said the employee learned the bank's operating system quite well in the more than 20 years he worked there, and was well aware of how to make it work to his advantage. He added that all of the customers' money was insured by the banks.

On Tuesday the man was brought before the Kfar Saba Magistrate's Court, where they extended his remand until Sunday.

Related Content

Breaking news
August 17, 2018
U.S. says no rebuilding funds for Syria until peace talks underway

By REUTERS