A bank employee has been banned from the industry after allegedly stealing $15,000 from a lender by hiding a paper trail of rotten receipts

The Office of the Comptroller of the Currency (OCC) is taking action against a former bank employee for allegedly stealing thousands of dollars in just one week.

The OCC says it is issuing a restraining order against Sabrina Prince for violations of the law that resulted in unjust enrichment at the expense of PNC Bank.

Between May 24 and May 31, 2023, the OCC says Prince, who was working as a teller at a PNC Bank Alabama branch at the time, allegedly stole $15,000 in cash from her employer.

Prince is accused of altering the bank’s cash shipment processing receipts in an effort to hide the missing funds.

According to the OCC, PNC Bank suffered financial losses as a result of Prince’s personal dishonesty.

In a consent order, the regulator bars Prince from working at insured institutions, including banks and credit unions. He is also prohibited from working at any Federal Deposit Regulatory Agency, the Federal Housing Finance Agency, and any Federal Home Loan Bank.

Prince agreed to the OCC’s findings and order without admitting or denying any wrongdoing.

The OCC says other US federal agencies, such as the Department of Justice (DOJ), may still file complaints against Prince even though she agreed to the terms of the consent order.

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Image generated: Midjourney