Ex-Scotiabank manager pleads guilty to fraud, laundering charges
Published: July 28, 2012
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ST. THOMAS - A former Scotiabank branch manager pleaded guilty Wednesday to two counts of bank fraud and individual counts of wire fraud and money laundering related to a scheme that drained $331,000 from the institution.
A routine bank audit in November 2011 discovered Steve Gardner, 47, had been stealing money from the bank under the guise of paying charges on delinquent customer loans, according to a press release from the U.S. Attorney's Office. Gardner would make checks payable to vendors who had previously performed services for the bank or make them payable to cash. He would also sometimes forge signatures on the checks and convert the funds to personal use.