Federal prosecutors say a former Pennsylvania financial institution supervisor stole greater than $214,000 from a Residents Financial institution department and spent many of the cash feeding a gambling habit, 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 costs. Prosecutors stated Lim took roughly $214,155 whereas serving as department supervisor of the Residents Financial institution location on West Lancaster Avenue in Downingtown.
Court docket information 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 total quantity investigators stated was stolen.
Authorities stated Lim labored on the Residents Financial institution “Thorndale department” from June via 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 said Lim turned the department ATM coordinator on July 30, 2019, placing him answerable for ATM money operations and the weekly audits tied to balancing the machine.
Investigators alleged that Lim accessed the ATM roughly 59 instances between July and November 2019. Authorities stated he manipulated information 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 data.” Prosecutors stated these information had been later used to hide shortages related to the ATM.
Federal authorities additional alleged that Lim eliminated money from the ATM and briefly stored it inside a locked space of the financial institution vault that was beneath his management. Investigators stated 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. Legal professional’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.
Court docket paperwork said that the ATM contained solely about $13,435 throughout the audit, which was roughly $178,155 lower than inner information confirmed ought to have been there.
Federal prosecutors stated 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 stated Lim spent “the vast majority of the cash playing.”
As a part of his supervised launch circumstances, Lim can not work “within the banking trade or in any place of fiduciary accountability,” in keeping with courtroom filings.
The FBI investigated the case, and Assistant U.S. Legal professional Mark B. Dubnoff dealt with the prosecution.
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