A Wells Fargo bank teller accused of stealing $185,000 from a
homeless customer has agreed to a plea deal, according to court
cited by The Washington Post.
The former employee, 29-year-old Phelon Davis, pleaded guilty to
a felony charge of interstate transfer of stolen property this
week after a 2014 encounter with a homeless customer who tried to
deposit $185,000 in cash at a Wells Fargo branch in Washington,
DC, the court documents said.
The customer, who was not named but described as a homeless
street vendor, had existing accounts at the bank, but he lacked
the identification documents he needed to deposit the $185,000
worth of cash he had been carrying in a garbage bag. The Post
said. The man was turned away.
The homeless man “had a surprisingly large balance with the
bank,” The Post reported, citing a document related to the case.
Davis was accused of forging the customer’s signature to
fraudulently open a Wells Fargo account in the customer’s name —
including an online login, an ATM card, and personal
identification number, all of which Davis controlled. He funded
the account with $3,000 of the homeless customer’s money.
The customer had no access to email or the internet, according to
The Post, and thus had no knowledge of the fraudulent activity,
the newspaper said.
Court documents showed that, over the course of two years, Davis
transferred $177,400 of that customer’s money, and withdrew
$185,440, taking $5,000 across state lines, the court documents
said. Davis used some of the stolen cash as a down payment on his
home, took several vacations, and paid some debts.
Davis has been ordered to pay back the stolen money and could
face up to 30 months in prison.
It appears Davis fraudulently opened the accounts during the same
period that covered a massive scandal at Wells Fargo, in which
millions of accounts were opened in customers’ names between at
least 2011 and 2015. It was unclear whether Davis’ activity
was releated to that scandal.
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