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Press Release

Melrose Man Pleads Guilty to $375,000 Bank Fraud

For Immediate Release
U.S. Attorney's Office, District of Massachusetts

BOSTON – A bank teller supervisor pleaded guilty today in federal court in Worcester for his role in defrauding his employer out of $375,000.

Pablo Rocha, 32, of Malden, pleaded guilty to one count of bank fraud. U.S. Senior District Court Judge Timothy S. Hillman scheduled sentencing for Nov. 16, 2023. Rocha was charged on June 26, 2023.  

Between July 2022 and December 2022, Rocha worked as a bank teller supervisor at a federally insured bank in Massachusetts. Rocha used his access to the bank’s vault to steal cash.  Rocha then covered his tracks by writing false entries in the bank’s records and by processing fake transactions in the bank’s electronic records system to make it appear that the cash had been shipped to the Federal Reserve Bank of Boston. In total, Rocha stole approximately $375,000.

The charge of bank fraud provides for a sentence of up to 30 years in prison, five years of supervised release, restitution and a fine of up to $1 million. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

Acting United States Attorney Joshua S. Levy and Christopher DiMenna, Acting Special Agent in Charge of the Federal Bureau of Investigation Boston Division made the announcement. Assistant U.S. Attorney Christopher J. Markham of the Securities, Financial & Cyber Fraud Unit is prosecuting the case.  

Updated July 21, 2023

Financial Fraud