CandleFocus Bank Executive Allegedly Drains $4,277,227 From Customers’ Accounts in 11-Year Scheme: Report
2024-12-23
Author: Content Editor
A former employee of BOK Financial Securities in Oklahoma is facing charges of embezzling over $4 million from customers' accounts. William Shane Garrow, a senior vice president and private banker, is accused of draining funds from at least 16 customer accounts without their knowledge and funneling the money to accounts he controlled at other financial institutions. He is also alleged to have written false cashier checks to himself. Garrow is facing charges of bank fraud and filing a false federal income tax return. BOK Financial Securities stated that they terminated Garrow's employment and have cooperated with law enforcement.
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