After embezzlement guilty plea, former Alabama bank employee barred from service

A former employee of an Alabama bank has been prohibited from working at a financial institution after embezzling money from bank customers for personal gain, the Federal Reserve said Tuesday.

Eric Scott Darty, formerly of Compass Bank in Birmingham, signed a consent order of prohibition with the Fed after pleading guilty Nov. 19 to one count of bank embezzlement.

According to his plea agreement, Darty (an employee of the bank and BBVA Compass Investment Solutions, a securities and insurance products subsidiary) embezzled money from the bank’s customers by collecting cashier’s checks of lesser amounts, using the negotiated check to purchase the investment product for the customer, and keeping the leftover cash for himself.

“On some occasions, Darty also transferred money between customer accounts in an attempt to conceal his embezzlement.,” the plea agreement states.

The embezzlement, according to the Fed, resulted in a loss to the bank of between $150,000 and $200,000.

Darty has been ordered to pay restitution of $206,971 to the bank.

Federal Reserve Board issues enforcement action with Eric Scott Darty

Be the first to comment

Leave a Reply

Your email address will not be published.