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Wednesday, June 12, 2024 | Back issues
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Two Bankers Accused of Stealing From Elderly

NEW YORK (CN) - Two JPMorgan Chase personal bankers and two others are accused of stealing nearly $400,000 from the bank accounts of senior citizens and deceased account holders, a prosecutor said Monday.

JPMorgan Chase & Co. bankers Jonathan Francis and Dion Allison, along with Kery Phillips and Gregory Desrameaux, were indicted on charges of conspiracy, grand larceny and falsifying business records, according to Brooklyn District Attorney Ken Thompson.

The four defendants allegedly stole about $400,000 from 15 Chase customer bank accounts, which were held by senior citizens and people who have died.

Thompson said in a statement that "they will all now be held accountable for their shameful scheme to defraud."

Francis, 27, and Allison, 30, worked at the financial giant's Restoration Plaza branch in Brooklyn, according to a press release from Thompson's office. They are accused of withdrawing money from accounts they identified as dormant and belonging to elderly customers.

Phillips, 40, and Desrameaux, 24, allegedly used ATM cards issued by the accused bankers to make regular withdrawals between $200 and $2,000, the press release states. Prosecutors say they made a total of 335 ATM withdrawals totaling almost $298,000.

"Furthermore, it is alleged, the defendants additionally conspired to steal money from Chase accounts by submitting false and fraudulent durable power of attorney documents, which gave them control of the accounts," Thompson's press release states. "The defendants allegedly used the documents to withdraw amounts of up to $9,500 from teller stations. They allegedly made a total of 21 withdrawals in this manner, taking approximately $100,000 from four different accounts."

If convicted, each of the four defendants faces up to 15 years in prison. Allison, Francis and Desrameaux have all been arraigned, but Phillips is still being sought by police, according to Thompson.

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