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Yonkers Banker Gets Prison Time For Stealing $122,000 From Elderly Client

A New Rochelle man working as a personal banker in Yonkers was sentenced to prison time after stealing more than $100,000 from an elderly client.
A New Rochelle man working as a personal banker in Yonkers was sentenced to prison time after stealing more than $100,000 from an elderly client. Photo Credit: Westchester County District Attorney's Office

WESTCHESTER COUNTY, N.Y. - A personal banker from Westchester County is heading to prison after he was found guilty of stealing more than $100,000 from an elderly client.

Westchester County District Attorney Anthony Scarpino announced that New Rochelle resident Matthew Gunther, 34, has been sentenced to between one and a half and four and a half years in state prison after being found guilty by a jury of multiple felony charges on Wednesday.

According to Scarpino, between December 2012 and July 2013, Gunther, who worked as a personal banker at Chase Bank in Yonkers, stole $122,100 from a customer’s account after he deposited money from a Certificate of Deposit that had recently matured.

The victim came to Gunther’s branch with the intention of placing the funds in a savings account. Gunther was the banker to set up the new account and knew that the victim wasn’t expecting to use it on a daily basis, Scarpino said.

Gunther used his victim’s password and user ID to carry out numerous cash withdrawals at the bank counter. The DA added that bank documentation, along with video surveillance inside the branch location, shows that the victim was not present during the cash withdrawals. The theft would be discovered in the summer of 2013, when the victim attempted to withdraw a large amount of money from the account.

Following a trial, Gunther was found guilty of one count of second-degree grand larceny, three counts of criminal possession of a forged instrument, 15 counts of forgery, one count of criminal tax fraud and a count of ordering a false instrument for filing, all felonies.

He was ordered to pay a restitution of $122,100 to his victim and an additional $9,336 in income tax he failed to pay on the money he stole. Gunther was remanded to the custody of the New York State Department of Corrections.

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