Source: Office of United States Attorneys
BOSTON – A Saugus man was sentenced today in federal court in Boston for embezzling bank funds while working as a teller at a Boston branch of a national bank.
Derek Aut, 29, was sentenced by U.S. Senior District Court Judge William G. Young to 25 months in prison, to be followed by two years of supervised release. Aut was also ordered to pay $183,677.73 in restitution. In March 2025, Aut pleaded guilty to embezzlement by a bank employee and aggravated identity theft.
While working as a bank teller in Boston, Aut stole from the bank accounts of two customers by forging the victims’ names on withdrawal slips, among other things. When one of the victims noticed money missing from her account, Aut attempted to cover his theft by taking money from the other victim’s account and depositing it into the first victim’s account. In total, Aut caused the bank losses of more than $180,000.
United States Attorney Leah B. Foley and Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England made the announcement. Assistant U.S. Attorney Kristen A. Kearney of the Securities, Financial & Cyber Fraud Unit prosecuted the case.