Carlos Bras, 41, of East Providence, appeared in federal court where he admitted to mail fraud and aggravated identity theft, the Justice Department<\/a> said Wednesday. At the time of the theft, Bras was working for the Spain-based global financial institution as a “relationship manager” just over the state line at a Seekonk, Massachusetts<\/a>, branch.<\/p>\n In his role, Bras assisted patrons with their accounts and had access to sensitive customer data, including the account of a 78-year-old man identified only as “MDR,” who was residing in an assisted living facility in Milton, Massachusetts.\u00a0<\/p>\n Federal prosecutors said Bras impersonated the man over the phone and online to obtain checks and a debit card for the account.\u00a0<\/p>\n JPMORGAN CHASE LAUNCHES AMERICAN DREAM INITIATIVE TO EXPAND SMALL BUSINESS SUPPORT ACROSS US<\/a><\/p>\n A former Santander Bank employee in Rhode Island has pleaded guilty in federal court to charges. (Henry Romero\/Reuters, File \/ Reuters)<\/p>\n “The object of the scheme to defraud<\/a> was for Bras to unlawfully enrich himself by using his access to Victim #1\u2019s account to issue checks, conduct bank transfers, send wires, and make debit card purchases for himself,” court documents state.<\/p>\n Bras\u2019 activity was flagged by Santander\u2019s internal fraud detection unit, which contacted the Seekonk Police Department<\/a>, sparking an investigation that also involved the U.S. Secret Service.<\/p>\n Bras allegedly accessed the victim’s account approximately 88 times between April and July 2023. To conceal his activity, authorities said he used a TracFone \u2014 a prepaid wireless service often used to obscure identity \u2014 to check the status of illegal money transfers.<\/p>\n TRUMP ADMIN’S OPERATION EPIC FURY TAKES AIM AT BANKS HANDLING IRANIAN MONEY<\/a><\/p>\n A former Santander employee in Rhode Island admitted to stealing more than $125,000 from an elderly client with dementia, federal prosecutors said.\u00a0 (Kacper Pempel\/Reuters, File \/ Reuters)<\/p>\n Prosecutors allege Bras purchased a 2023 KIA Sportage with the stolen money and fabricated a contract to make it appear that MDR was buying land from Bras\u2019 wife.\u00a0<\/p>\n When questioned by an internal bank investigator, Bras claimed his wife was a real estate agent in Portugal, and that the wires were part of a property transaction. Authorities say he sent at least 10 wire transfers totaling $9,690 via Western Union to accounts in Portugal; Bras personally received nine of those transfers.<\/p>\n When confronted, Bras repeatedly changed his story, initially claiming he did not know MDR, and then later claiming MDR was “upset” and had asked Bras to receive checks at his personal residence.<\/p>\n Ticker Security Last Change Change % SAN<\/a> BANCO SANTANDER SA 12.40 +0.52 The bank eventually terminated Bras in July 2023.\u00a0<\/p>\n A Santander spokesperson told FOX Business that Santander Bank had proactively brought the matter to law enforcement\u2019s attention and worked with the customer to resolve the issue.<\/p>\n “Santander Bank\u2019s highest priority is protecting our customers and their accounts,” the bank said.\u00a0<\/p>\n Federal prosecutors said Bras impersonated the man over the phone and online to obtain checks and a debit card for the account. (Samuel Corum\/Bloomberg via Getty Images \/ Getty Images)<\/p>\n Bras’ attorney, Kensley Barrett, told FOX Business that Bras has “accepted responsibility for his actions and is remorseful\u00a0for what led to this regrettable situation, including the impact on those negatively affected.”<\/p>\n “He is committed to atoning for his actions and ensuring this mistake doesn’t define him,” Barrett said.\u00a0<\/p>\n Under the terms of his plea deal<\/a>, Bras must forfeit $126,000 to the federal government. He faces up to 32 years in prison when he is sentenced Sept. 15.\u00a0<\/p>\n![\"The](\"https:\/\/www.europesays.com\/spain\/wp-content\/uploads\/2026\/05\/santander-bank-building.jpg\")
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