Federal Investigation of GBEN Pump-and-Dump Scheme Results in Conviction of Eight Men and Recovery of over $400,000 for Victim Restitution
U.S. Attorney Bridget M. Brennan announced that Arin Kumhall, 38, of North Olmsted, Ohio, was sentenced on January 6, 2022, by Judge James S. Gwin to five months in prison, to be followed by five months of home confinement, after Kumhall pleaded guilty to embezzling nearly $73,000 from her employer.
According to court documents, Kumhall was employed as a bank teller at a Citizens Bank in Westlake, Ohio. In addition to traditional teller responsibilities, Kumhall was responsible for ordering, receiving and inputting cash into the bank’s internal reporting system for the branch.
Court records state that on multiple occasions from September to December of 2020, Kumhall ordered a set amount of cash to be delivered to the branch. However, after the delivery, Kumhall entered and reported an amount lower than what had been delivered into the bank’s internal reporting system.
The FBI obtained and reviewed Kumhall’s personal bank account information and observed an increase in cash deposits and online gambling activity from September 2020 through December 2020.
This case was investigated by the Cleveland FBI and was prosecuted by Assistant U.S. Attorneys Brian McDonough and Erica Barnhill.