Federal prosecutors say a former Pennsylvania financial institution supervisor stole greater than $214,000 from a Residents Financial institution department and spent a lot of the cash feeding a playing behavior, a scheme that has now landed him in federal jail.
Jonathan Lim, 42, of Wallingford, was sentenced this week to 18 months behind bars adopted by 5 years of supervised launch after pleading responsible to financial institution fraud and financial institution embezzlement fees. Prosecutors mentioned Lim took roughly $214,155 whereas serving as department supervisor of the Residents Financial institution location on West Lancaster Avenue in Downingtown.
Courtroom data filed Could 6 and seen by ReadWrite present U.S. District Decide Michael M. Baylson imposed concurrent 18-month jail phrases on each counts. Lim was additionally ordered to repay Residents Financial institution the complete quantity investigators mentioned was stolen.
Authorities mentioned Lim labored on the Residents Financial institution “Thorndale department” from June by means of November 2019. Together with managing the department, he additionally carried out teller duties throughout that interval.
Investigators hint playing losses to Pennsylvania financial institution ATM operations
Federal prosecutors mentioned Lim turned the department ATM coordinator on July 30, 2019, placing him accountable for ATM money operations and the weekly audits tied to balancing the machine.
Investigators alleged that Lim accessed the ATM roughly 59 occasions between July and November 2019. Authorities mentioned he manipulated data to cover lacking money by falsifying settlement worksheets related to ATM balancing procedures.
The indictment additionally alleged that Lim directed coworkers to signal paperwork “with out telling these individuals that the worksheets contained false info.” Prosecutors mentioned these data have been later used to hide shortages related to the ATM.
Federal authorities additional alleged that Lim eliminated money from the ATM and quickly saved it inside a locked space of the financial institution vault that was underneath his management. Investigators mentioned he later eliminated the cash from the financial institution with out documenting the withdrawals.
The theft was found shortly after Lim resigned from Residents Financial institution in November 2019. In keeping with the U.S. Lawyer’s Workplace, an audit carried out two days later revealed that the ATM was lacking greater than $178,000. Investigators additionally discovered a further scarcity of about $36,000 related to Lim’s teller money field.
Courtroom paperwork said that the ATM contained solely about $13,435 in the course of the audit, which was roughly $178,155 lower than inner data confirmed ought to have been there.
Federal prosecutors mentioned the whole loss to Residents Financial institution reached roughly $214,155. The sentencing order requires Lim to pay restitution in that very same quantity.
The Justice Division mentioned Lim spent “the vast majority of the cash playing.”
As a part of his supervised launch situations, Lim can not work “within the banking business or in any place of fiduciary accountability,” based on courtroom filings.
The FBI investigated the case, and Assistant U.S. Lawyer Mark B. Dubnoff dealt with the prosecution.
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