Police: Employee stole more than $60,000 from Palm Beach bank

Edwin Luis Cardona
Edwin Luis Cardona. PBSO

 

A Palm Beach bank teller has been arrested after police said thousands of dollars went missing from the vault at Valley National Bank, prompting a lengthy investigation that revealed the teller’s dwindling bank accounts, costly gambling habits and an attempt to swindle his workplace out of more than $60,000.
Edwin Luis Cardona, 35, of West Palm Beach, the head teller at Valley National Bank, 335 S. County Road, was charged with four felonies: grand theft, embezzlement of a financial institution and two counts of false entry with intent to defraud a financial institution.

Cardona was arrested last week on theft charges stemming from a three-month investigation during which police interviewed Cardona’s co-workers; subpoenaed Cardona’s flight and casino information, which revealed more than $20,000 in gambling losses; and reviewed surveillance from bank cameras.

Police found that Cardona stole a combined $61,500 from the bank’s vault and cash till, according to a sworn affidavit, and planned to leave the United States with a one-way ticket to Bogota, Colombia.

The police investigation began in July after officers received a report of a theft from Valley National Bank’s manager, who said the bank’s fraud investigator had been looking into Cardona, according to the affidavit.

During its investigation, police said they obtained a July 10 surveillance video from the bank’s vault that showed Cardona leaving the vault with stacks of cash, according to the affidavit. The bank manager told police the cash appeared to be about $40,000-$50,000, police said. According to the affidavit, the manager also found that Cardona’s cash till had a shortage of $5,500.

The bank manager said she remembered Cardona acting “nervous” on July 10 and telling his co-workers he was sick, police said. The manager also said Cardona carried a lunch bag when he left that day despite buying lunch outside the office.

The next day, the bank manager became suspicious when Cardona sent a text saying he would be late to work because he was in a car accident, police said. Cardona never came to work that day, according to the affidavit, prompting the manager to check the vault and discover $56,000 was missing.

During the investigation, one of Cardona’s co-workers told police that Cardona often bragged about his personal life, including his “frequent, unstable dating life” and “gambling habits,” according to the affidavit. Police said Cardona told his co-worker that he won $10,000 gambling, but Cardona’s gambling history revealed a man with significant financial losses.

According to the affidavit, police obtained detailed documents from the Hard Rock Casino in Hollywood that stated Cardona had an “outstanding gambling loss” of $6,543.55 from Jan. 1, 2017, through July 26, 2017. Police also said Cardona had losses totaling $18,361.20 from Seminole Casino Coconut Creek around that same time frame. According to the affidavit, Cardona’s personal checking and savings accounts had a combined total of $4,312.96.

Cardona was arrested April 26 and released the same day on $3,000 bond.

 

Article From:- https://www.palmbeachdailynews.com

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