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Justice News

Department of Justice
U.S. Attorney’s Office
District of Arizona

FOR IMMEDIATE RELEASE
Monday, November 16, 2020

Tucson Banker Sentenced to 40 Months in Prison for Defrauding 82-Year-Old Customer

TUCSON, Ariz. – On Friday, Jacob Roach, 38, was sentenced by U.S. District Court Judge Jennifer G. Zipps to 40 months in prison for using his position with a bank to defraud an 82-year old victim. Roach was also ordered to pay $1.25 million in restitution.

Roach was employed as a business relationship banker for a large bank in the Tucson area, where he fraudulently created a bank account in the victim’s name, and thereafter embezzled $1.25 million for his own use. Roach resigned from his position before the bank discovered the scheme.

Homeland Security Investigations, Tucson HIDTA Financial Task Force, conducted the investigation in this case. Assistant U.S. Attorney Wallace Kleindienst, District of Arizona, Tucson, handled the prosecution.

CASE NUMBER: CR19-1332-JGZ-BGM             
RELEASE NUMBER:    2020-101_Roach

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For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/ 
Follow the U.S. Attorney’s Office, District of Arizona, on Twitter @USAO_AZ for the latest news.

Topic(s): 
Elder Justice
Financial Fraud
Component(s): 
Press Release Number: 
2020-101_Roach
Updated November 16, 2020