A former Oakland bank branch manager allegedly bilked customers out of $1.4 million, according to reports.
A banker is accused of stealing $1.4 million from her clients in Oakland's upscale Montclair District, according to reports.
Linda Foss, 62, who used to head up the local neighborhood group, allegedly stole money from clients with whom she worked at U.S. Bank on Mountain Boulevard, prosecutors told the San Francisco Chronicle.
Foss was fired from U.S. Bank but hired at First Republic Bank, where she also allegedly stole money "to conceal earlier thefts," the newspaper reported. Another $156,000 was bilked via First Republic following the theft of the rest from U.S. Bank, prosecutors said.
She was arrested May 10 and has been charged with 20 felonies. She is in jail in lieu of $1.6 million bail.
Foss is accused of stealing over $500,000 from a mother and daughter, Julie and Carol Habiger, the newspaper reported.
It is not known what Foss did with the money.
Foss told authorities that money missing from one person's account was being used to pay back a debt stemming from the 1991 Oakland Hills fire.
The account-holder had no knowledge of such a transaction.