United States Attorney Joshua S. Levy | U.S. Department of Justice
A former bank teller from Saugus has been charged with embezzlement after allegedly stealing over $180,000 from customer accounts at TD Bank. Derek Aut, aged 28, was arrested and subsequently released on conditions following his initial appearance in federal court in Boston.
According to the charging documents, Aut is accused of taking funds from the accounts of two TD Bank customers. When one victim discovered missing money, Aut allegedly attempted to conceal his actions by transferring funds from another victim's account into the first victim's account. The total amount taken is reported to exceed $180,000.
The charge of embezzlement by a bank employee carries a potential sentence of up to 30 years in prison, five years of supervised release, and a fine of $1 million. Sentences are determined by a federal district court judge based on U.S. Sentencing Guidelines and other legal factors.
United States Attorney Joshua S. Levy and Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England announced the arrest. Assistant U.S. Attorney Kristen A. Kearney from the Securities, Financial & Cyber Fraud Unit is handling the prosecution.
It should be noted that the details outlined in the charging documents are allegations at this stage. Derek Aut remains presumed innocent unless proven guilty beyond a reasonable doubt in a court of law.