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Mar 30, 2010 5:35 PM by Melissa Canone

Lafayette Man Pleads Guilty To Misapplication Of Bank Funds

Christopher P. Smith, 30, of Lafayette, La., pleaded guilty to one count of misapplication of bank fund.

Smith embezzled a total of $231,000.00 from Chase Bank Customers

Smith was employed at JP Morgan Chase Bank as a personal banker at Chase Bank's Southpark Branch in Lafayette and was responsible for opening and managing customers' accounts. Smith admitted to making unauthorized
withdrawals from customer accounts without the customer's knowledge or consent, and using the money for his personal use. When customers called Smith to question the withdrawals, the defendant would then make unauthorized withdrawals from other customers' accounts and pay back
some or all of the money taken. Smith made unauthorized withdrawals from September 2007 through August 2009, which totaled $231,000.00. All customer accounts have been reimbursed by the bank.

Smith faces a maximum penalty of 30 years in prison, a $1,000,000 fine, or both.

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