The Department of Justice announced that a former bank manager has admitted to stealing more than $250,000 from customers to fund his own extravagant spending habits.
Department of Justice To tell Eric Jason Showest, 53, of Plaquemines, Louisiana, pleaded guilty to embezzlement and bank fraud.
According to prosecutors, Showest admitted to using his authority as manager of the Regions Bank’s Plank Road branch to illegally access customer accounts, open and close accounts and steal funds from customer accounts.
Showest seized the bank’s clients’ money and used it to pay off $250,000 in loans on his own house and car.
The Department of Justice stated:
“From approximately 2020 through April 2021, Showest abused his position of trust with Regions Bank to embezzle funds from client accounts and deposit them into his own personal 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 pay personal loans, including for homes and cars. Through his scheme, Showest misappropriated more than $250,000 from Regions Bank customer bank accounts.”
In addition to the $1 million fine, Showest’s embezzlement and bank fraud convictions each carry penalties of up to 30 years in prison and/or probation, the Justice Department said.
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