Former Bank of America Employee Sentenced for Internal ATM Fraud
The Credit Union Times reports a former Bank of America information technology employee in Charlotte, N.C., has been sentenced to 27 months for internal fraud. According to media reports and court documents, Rodney Caverly admitted guilt in the U.S. District Court for Western North Carolina, to one count of fraudulent access to a protected computer. His scheme , court documents say, wound up costing the bank $419,000 in both losses directly from the theft and costs to remove the corrupted software from the machines. Court documents reported that the software allowed Caverly to remove money from the machines without leaving a record. Documents relating how authorities detected the scheme remained under seal.
