Bank Insider Steals $33,136 From Lender While ATMs Are Being Replenished, According to the Federal Reserve

Bank Insider Steals $33,136 From Lender While ATMs Are Being Replenished, According to the Federal Reserve

An employee of a billion-dollar lender is facing a ban from the banking industry after stealing her employer’s funds. In a new enforcement action, the Federal Reserve says it is issuing a prohibition order against Mollie Morrow over accusations of stealing funds while working as a sales representative at United Bank’s branch in Washington, North Carolina. “…between October 2021 and August 2023, Morrow embezzled $33,136 from the Bank by misappropriating cash while the Bank replenished its automated teller machines…” According to the Federal Reserve, Morrow has entered a guilty plea on the embezzlement charges and was ordered to make full restitution to United Bank. Morrow’s employment at United Bank was terminated in August of 2023. “…Morrow’s conduct constituted violations of law or regulation, breaches of fiduciary duty, and unsafe or unsound banking practices, and involved Morrow’s per

Source: https://dailyhodl.com/2026/04/11/bank-insider-steals-33136-from-lender-while-atms-are-being-replenished-according-to-the-federal-reserve/