CONCORD – Kazi Pervez, 42, of Methuen, Massachusetts was sentenced to 12 months and 1 day in federal prison for bank fraud, Acting United States Attorney John J. Farley announced today.

            According to court documents and statements made in court, Pervez was a branch manager for a bank in Salem, New Hampshire.  From at least April of 2016 until September of 2017, Pervez used his position as branch manager to steal or attempt to steal more than $560,000 from the bank.  For example, Pervez opened or instructed bank employees to open accounts in the name of deceased bank customers.  Pervez then withdrew funds from the accounts that exceeded the balance of the accounts and used his authority as branch manager to authorize the overdrafts from the account.  Pervez also identified inactive bank accounts of deceased bank customers and transferred money out of those accounts to other accounts that he controlled.

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