• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

CRAZY Week in Crypto… What’s Coming Next Will SHOCK You 😱

2025-05-24

Bitcoin Culture Has Always Been Anti-Spam

2025-05-24

BOOM!! BITCOIN ALL TIME HIGH [Where will we go?]

2025-05-23

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Crypto

    2025-05-15

    10 Years of Steadfast Support and Compliance

    2025-05-15
  • Videos

    CRAZY Week in Crypto… What’s Coming Next Will SHOCK You 😱

    2025-05-24

    Bitcoin Culture Has Always Been Anti-Spam

    2025-05-24

    BOOM!! BITCOIN ALL TIME HIGH [Where will we go?]

    2025-05-23

    Bitcoin Megatrends 💥 Domino Finance Set to Explode! 🧨📈

    2025-05-23

    Celebrating US Dollar Pizza Day

    2025-05-23
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Regulation»Bank Executive Steals $250,000 From Customers, Directly Accessing Bank Accounts To Fund His Lifestyle: US Department of Justice
Regulation

Bank Executive Steals $250,000 From Customers, Directly Accessing Bank Accounts To Fund His Lifestyle: US Department of Justice

2024-07-07No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bank Executive Steals $250,000 From Customers, Directly Accessing Bank Accounts To Fund His Lifestyle: US Department of Justice
Share
Facebook Twitter LinkedIn Pinterest Email

The U.S. Department of Justice says a former bank manager has admitted to stealing over a quarter million dollars from customers to fund his own spending habits.

The DOJ says 53-year-old Eric Jason Schouest of Plaquemine, Louisiana, has pleaded guilty to embezzlement and bank fraud.

Prosecutors say Schouest admitted to using his power as a manager at a Regions Bank Plank Road branch to illegally access customer accounts, open and close accounts and transfer funds in and out of customer accounts in order to steal the money.

Once in possession of the bank’s customers’ money, Schouest made loan payments on his own house and car to the tune of $250,000.

Says the DOJ,

“Beginning in or about 2020, and continuing through in or about April 2021, Schouest exploited his position of trust at Regions Bank to embezzle funds from customer accounts and deposit the money into his personal bank accounts.

He also sent false and fraudulent emails and forged documents to other Regions Bank employees to conceal his scheme. Some of the traceable fraudulent funds were used to make loan payments on personal items such as a house and a car. Through his scheme, Schouest misappropriated more than $250,000 from Regions customer bank accounts.”

On top of a $1 million fine, the DOJ says that each of Schouest’s embezzlement and bank fraud convictions carry punishments of up to 30 years in prison and a period of supervised release.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

See also  Bitcoin-focused Xapo Bank maintains 3,000% liquidity ratio to secure customer assets
Accessing Accounts bank Customers Department Executive Fund Justice lifestyle Steals
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Global Bank Predicts RECORD Bitcoin High – How Soon Will BTC Explode?

2025-04-29

Top 10 BEST Crypto X (Twitter) Accounts in 2025: Follow These!!

2025-03-28

Trump Signs Bitcoin Strategic Reserve Executive Order!!

2025-03-06

The US Sovereign Wealth Fund: What It Means for Crypto & TikTok

2025-02-22
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

Bankers Blaming Bitcoin (ESG Attack)

2024-02-01

Join Bitcoin University Premium: https://www.bitcoinuniversity.com In this video, I discuss why US and EU bankers…

Blockchain

Union Labs Plans Polygon-to-Cosmos Bridge with New AggLayer Integration

2024-04-18

Union Labs, a project focused on blockchain interoperability, plans to integrate with AggLayer, a decentralized…

Altcoins

Top Altcoin Picks For Next Week: Ripple (XRP), Litecoin (LTC) And Polygon (MATIC) Prices Set To Capture Attention

2023-07-15

Only a few weeks ago, Bitcoin’s market dominance had finally surpassed 50% after a two-year…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

CRAZY Week in Crypto… What’s Coming Next Will SHOCK You 😱

2025-05-24

Bitcoin Culture Has Always Been Anti-Spam

2025-05-24

BOOM!! BITCOIN ALL TIME HIGH [Where will we go?]

2025-05-23

Bitcoin Megatrends 💥 Domino Finance Set to Explode! 🧨📈

2025-05-23
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 108,860.17
ethereum
Ethereum (ETH) $ 2,542.91
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.33
bnb
BNB (BNB) $ 669.82
solana
Solana (SOL) $ 174.45
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.223711
cardano
Cardano (ADA) $ 0.757251
tron
TRON (TRX) $ 0.271349
bitcoin
Bitcoin (BTC) $ 108,860.17
ethereum
Ethereum (ETH) $ 2,542.91
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.33
bnb
BNB (BNB) $ 669.82
solana
Solana (SOL) $ 174.45
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.223711
cardano
Cardano (ADA) $ 0.757251
tron
TRON (TRX) $ 0.271349