A former bank teller from Saugus, Massachusetts, has been sentenced in federal court for embezzling funds from a Boston branch of a national bank. Derek Aut, aged 29, received a sentence of 25 months in prison and will undergo two years of supervised release following his incarceration. Additionally, he has been ordered to pay restitution amounting to $183,677.73.
Aut pleaded guilty in March 2025 to charges of embezzlement by a bank employee and aggravated identity theft. During his tenure as a bank teller in Boston, Aut misappropriated funds from the accounts of two customers by forging their signatures on withdrawal slips. When one customer discovered discrepancies in her account balance, Aut attempted to rectify his theft by transferring money from another victim's account into hers. His actions resulted in the bank incurring losses exceeding $180,000.
The announcement was made by United States Attorney Leah B. Foley alongside Michael J. Krol, Special Agent in Charge of Homeland Security Investigations for New England. The case was prosecuted by Assistant U.S. Attorney Kristen A. Kearney from the Securities, Financial & Cyber Fraud Unit.
