Jury convicts former bank employee accused of stealing money
PHOENIX (AP) — A jury has convicted a former associate financial adviser of a Phoenix area bank accused of stealing money from dormant accounts that was meant to go to charities and others.
The Arizona Attorney General’s office says Steven Watson was found guilty this week of one count of fraudulent schemes and artifices and seven counts of thefts.
Authorities accused Watson of taking more than $169,000 from three accounts and using it for vacations, child support, vehicles and adult entertainment.
The money was intended to go to the Salvation Army, American Red Cross and family members of the deceased customers.
Authorities say Watson stole the money in 2014. They say he told bank tellers he was authorized to request cashier checks from the accounts.
Watson’s attorney, Richard Jones, did not immediately return a call seeking comment Saturday.