He used the customers’ personal identification information, such as driver’s license numbers, kept in bank records, according to the filings.
Mohammed worked for nearly 10 years at the branch, starting as a teller and personal banker. He was charged Aug. 30 in Washington and accused of starting his scheme in about February 2017.
Mohammed, who has lived in the District and Northern Virginia, “used his position as a branch manager at Wells Fargo to ingratiate himself with elderly bank customers by providing them with personal assistance in their banking matters,” he admitted in plea papers.
Mohammed had cashier’s checks made payable to Navy Federal Credit Union, where he and his wife had opened a personal account in 2014, he admitted. Court filings stated that the checking and savings accounts were exclusively used by Mohammed.
Plea papers did not detail what the money was used for but said Mohammed spent or used virtually all of it.
Before the scheme, according to court filings, Mohammed had only $193.96 in the credit union account. Thereafter, almost all its savings deposits were fraudulently obtained, he admitted. Yet at the end of the nearly two-year, half-million-dollar fraud, he was left with $3,233.37 in March, according to plea papers.
Among his expenditures, Mohammed acknowledged that in November 2018, he withdrew money from ATMs or bought goods and services exceeding $5,000, including an $886 Amtrak ticket. That same month, Mohammed deposited $100,000 into his Navy Federal account and used $32,450.51 to pay for American Express charges, plea papers said.
He faces up to 10 years in prison after admitting to one count of felony bank fraud and one count of engaging in monetary transactions, according to plea papers.
In a plea deal, Mohammed and U.S. prosecutors in the District agreed that after accepting responsibility, he faces a recommended sentence of 41 to 51 months and a fine of up to $150,000 under federal guidelines, and will pay $509,849.95 in restitution.
U.S. District Judge Ellen S. Huvelle of Washington set sentencing for Jan. 8.