A former bank employee, Yue Cao, has been sentenced to 10 years in federal prison for stealing over $1 million from elderly customers. Cao, a keyBank analytics manager from 2015 to 2022, used his position to create fake emails, enroll victims in online banking without their knowledge, and transfer money into accounts he controlled. Victims, aged 90 to 103 across multiple states, were chosen for their age and unlikely reporting. The theft, totaling about $2 million, was uncovered after suspicious transfers at Charles Schwab, where Cao later worked. Cao, a Chinese national and permanent resident, faces deportation after his sentence.
Former Bank Employee Sentenced to 10 Years for Stealing Over $1 Million from Elderly Customers
