LITTLE ROCK, Ark. (KNX) — A federal grand jury in Arkansas has indicted a Bank of America contractor for helping 10 locals allegedly steal millions of dollars from California’s Employment Development Department debit cards.
California EDD cards, which recipients of unemployment benefits use to store and access funds, are issued by Bank of America.
According to the indictment, the contractor, Madison Clark of Little Rock, helped other defendants cash in phony EDD debit cards, swindling $2.7 million from the state. Clark worked as a customer service agent serving EDD card holders.
Federal prosecutors said Clark used her position to access “Bank of America systems withou authorization to re-issue debit cards, remove fraud blocks, and add credits to unemployment accounts.”
The U.S. Attorney’s Office said Bank of America discovered the alleged fraud last year and terminated Clark.
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