Employee at Billion Dollar Bank Embezzles $44,000 From Customer Accounts Before Being Banned From Industry

An employee at a $23.8 billion bank embezzled $44,000 worth of customer money before getting slapped with an industry ban.

The Federal Reserve says former Bank of Hawaii employee Alohi Kaupu-Grace, 23, stole from customer accounts and falsified the customers’ signatures on cash withdrawal slips and cashier’s check purchase slips.

Kaupu-Grace paid $5,200 in partial restitution to the bank and was fired in March. The Hawaii resident consented to an order from the Federal Reserve Board of Governors banning her from working for any of the Fed’s insured depository institutions.

The ban will stay in place indefinitely unless the Board of Governors rescinds it, and the order doesn’t prohibit any other Federal or state agency or department from taking action against Kaupu-Grace.

In May, Hawaii

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