A former personal banker has been sentenced to two years in prison and ordered to pay full restitution after stealing more than $100,000 from an elderly man and concealing her income to receive rent subsidies, Suffolk District Attorney Daniel F. Conley said.
Before her indictment in January, Eden Cato, 29, used her position as a personal banker at a Bank of America to issue herself a debit card on a 73-year-old customer’s account, prosecutors said in a statement. She then used the card to tap the account, making 173 ATM withdrawals over nine months, collecting $103,253.50.
At the time of her arrest, Cato was carrying bank deposit slips that she admitted were from the elderly customer’s account.
Investigators also found Cato withheld information on her income and assets to receive rent subsidies. After she began working for Bank of America in June 2010, Cato paid as little as $9 a month for rent at her Chelsea apartment building where she lived with her daughter and ex-husband, prosecutors said.
Cato has been charged with bank embezzlement and larceny from a person over 60, prosecutors said, as well as perjury for providing the Department of Housing and Urban Development with false information to receive rental subsidies.
On Monday, Cato paid $10,000 toward her restitution and forfeited an additional $47,000 from her bank account.