PHILADELPHIA – U.S. Attorney William M. McSwain announced today that a former assistant manager at Citizens Bank in South Philadelphia was charged, along with his wife, in connection with a bank fraud scheme.
Defendants Craig Green, 53, and Bridgette Green, 38, both of Philadelphia, Pennsylvania, were charged this week by indictment with one count of conspiracy to commit bank fraud, one count of bank fraud, one count of aggravated identity theft, and 26 counts of money laundering.
According to the indictment, Craig Green used his position at Citizens Bank to improperly access the bank account information of an unsuspecting Citizens Bank customer and created a second, fraudulent account in the name of that same customer. Thereafter, Craig Green allegedly transferred funds from the bank customer’s legitimate account into the fraudulent account he had created. The indictment alleges that Craig Green and Bridgette Green would write checks drawing from the fraudulent account to a co-conspirator, and the co-conspirator would then deposit the checks and provide the money to the defendants. As the indictment indicates, the Greens were able to fraudulently withdraw approximately $165,498 during this scheme.
If convicted, the defendants face a maximum possible sentence of 557 years imprisonment and a $14,500,000 fine.
The case was investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant United States Attorney K.T. Newton.
An indictment, information or criminal complaint is an accusation. A defendant is presumed innocent unless and until proven guilty.