A former Bank of America teller who pleaded guilty to 17 counts of bank fraud was sentenced Friday to 41 months in prison, federal prosecutors said.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
U.S. District Judge Nathaniel Gorton also ordered Jeffrey C. Gautreaux, 26, of Peabody, Mass., to pay $270,295 in restitution to the bank and sentenced him to three years of supervised release after his prison term.
Prosecutors said that between November 2004 and February 2006, Gautreaux used his access to bank customer data to steal customer names and account information and then sold the information to someone outside the bank. The stolen information was used by others to make fraudulent withdrawals from customer accounts.
More than $330,000 was withdrawn from numerous accounts before a customer complained, which led to an internal bank investigation, officials said.
Gautreaux pleaded guilty to 17 counts of bank fraud and one count of identity fraud on Feb. 12.