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Citibank Employee Indicted for Bank Fraud
A former Citibank employee has been indicted on federal charges of Bank Fraud, Bank Embezzlement, Access Device Fraud, and Aggravated Identity Theft. Terri Jo Huber, 43, of Sioux Falls, South Dakota, is accused of committing these crimes while working as an Escalation Specialist at the Citibank facility in Sioux Falls.
Huber, who was employed by Citibank at the time of the alleged crimes, had access to the account information of customers with credit cards from the bank. The investigation is being conducted by the Sioux Falls Police Department and the U.S. Secret Service, with Assistant U.S. Attorney Dennis R. Holmes prosecuting the case.
The maximum penalty upon conviction is 30 years’ imprisonment, a $1,000,000 fine, or both; up to 5 years on supervised release, an additional 3 years of supervised release upon revocation; and $100 to the Federal Crime Victims Fund. Restitution may also be ordered.
Huber was released on bond pending trial, with a trial date yet to be set. The charges against her are merely accusations, and she is presumed innocent until proven guilty. The case is being closely watched by financial experts and law enforcement officials.
Huber’s indictment marks a significant development in the ongoing battle against financial crimes in the United States. As a former employee of a major bank, her alleged actions are particularly concerning, as they could have potentially harmed thousands of customers.
The investigation into Huber’s activities is ongoing, and officials are urging anyone with information to come forward. The case serves as a reminder of the importance of vigilance and the need for robust security measures in the financial industry.
In a statement, U.S. Attorney Brendan V. Johnson emphasized the severity of the charges and the potential consequences for Huber if convicted. ‘This case highlights the importance of protecting consumers and preventing financial crimes,’ he said.
Key Facts
- State: South Dakota
- Category: Fraud & Financial Crimes|White Collar Crime|Cybercrime
- Source: DOJ Press Release â†â€â€
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