Billion-Dollar Bank Employee Apprehended for Allegedly Embezzling $44,000 from Deceased Customer’s Account
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Billion-Dollar Bank Employee Apprehended for Allegedly Embezzling $44,000 from Deceased Customer’s Account

A bank employee working at a highly valued financial institution has been apprehended and accused of embezzling money from the account of a deceased client. Latia Wynn, a resident of Wilmington, Delaware, was taken into custody by the police on charges of unlawfully withdrawing $44,000 from the account of a deceased customer at WSFS Bank, as reported by NBC affiliate Philadelphia10.

The incident came to light when the family of the deceased customer began closing all of their accounts following the tragic motor vehicle accident. However, during the process, they discovered a significant sum of money missing from the deceased customer’s account. Subsequently, the family contacted the authorities, leading to an investigation that ultimately pointed to Latia Wynn as the primary suspect. Wynn has now been formally charged with multiple felonies, including identity theft, wearing a disguise during the commission of a felony, and theft amounting to $1,500 or more.

The accused, who is 25 years old, has been released on an $18,000 unsecured bail after being charged. WSFS Financial Corporation, the parent company of WSFS Bank, reported assets totaling $20.6 billion and $80.5 billion in assets under management and administration as of March 31, 2024.

This incident bears similarities to another case recently handled by the US Attorney’s Office for the District of New Jersey. In that instance, bank employee Jorge Nova pleaded guilty to wire fraud after draining $105,000 from a deceased customer’s account. Nova, who was employed at an undisclosed commercial bank in Nutley, New Jersey, stumbled upon the account of the deceased customer, which continued to receive Social Security benefits through direct deposit. The retiree, who had been receiving monthly benefits of $2,372, passed away on August 29th, 2014. Unfortunately, the Social Security Administration was not notified of the customer’s demise, resulting in the account receiving funds for more than four years.

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