Former bank manager charged with stealing $60,000 from dormant accounts
NANAIMO, B.C. – A former customer service manager with a local bank has been charged with stealing $60,000 from dormant bank accounts.
The suspect Frederick Scott Deering, 48, a former employee at TD/Canada Trust branch in Nanaimo, was formally charged with fraud and theft and is due to face charges in court on September 25th.
A joint investigation into the suspected fraud by the Nanaimo RCMP Serious Crime Unit and TD Bank Group Corporate Investigations Division began in September 2010 once it was determined that Deering allegedly misappropriated funds from dormant bank accounts.
Deering was employed as the TD Bank’s customer service manager at the Turner Rd branch, and before that at the bank’s Terminal Park Mall branch. His employment with the bank was terminated in October 2010.
According to the investigation no bank account holders in the Nanaimo area were hurt by the fraudulent transactions.