Financial planner accused of looting account

July 21, 2009 5:47:34 PM PDT
Law enforcement officials say a Chase bank financial planner looted $110,000 from a Manhattan client's private account. Saucy Facebook pictures show 25-year-old Robin Katz wiping up a dish, but police say the financial planner also mixed up the plan to pocket tens of thousands of dollars.

The Chase employee worked at the company's midtown headquarters. The financial planner allegedly dipped into a millionaire's private account.

Katz made an extra ATM card, investigators said, and then used that card dozens of times to siphon out cash for a year.

At some point, the Chase client realized there was six-figure gap in his seven-figure account balance. He quickly called the bank.

Chase followed the crumbs right to Katz, officials said. The bank notified the NYPD Organized and Identity Theft Task Force.

Financial types in Midtown suggest keeping an eye on your accounts to make sure you're protected.

"Everyone doesn't look at their piggy bank everyday. They assume they won't be victimized," Ken Rivkim said.

No one answered the door at the Katz' 14th Street apartment on Tuesday. Neighbors said they only saw her occasionally in passing.

A Chase spokesperson told me, "We take these charges very serious. We are working with authorities. We advise customers to carefully review statements and immediately report discrepancies to the bank."

Katz is due back in court on Thursday. Investigators said she was apparently having trouble paying her bills.

The client did get his money back.


NEW YORK AND TRI-STATE AREA NEWS

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