Manhattan District Attorney Cyrus R. Vance, Jr., today announced the indictment of SEPHOEN TSANG, 22, for stealing more than $240,000 from a Chase Bank in Chinatown, where he was employed as a teller. The defendant has been charged in a five-count indictment with Grand Larceny and Falsifying Business Records.
According to documents filed in court and statements made on the record, on November 29, 2011, while working at the Chase bank branch at 221 Canal Street, TSANG made several false computerized entries regarding the movement of $243,000 in funds in an attempt to confuse bank officials. The first entry stated that he moved $243,000 in case from his teller drawer to the branch’s vault, and subsequent entries stated that he moved that amount from the vault to ATM machines at the bank branch. Before leaving work early for the day, TSANG left a note apologizing to the branch manager. A subsequent count of the cash being held at the branch indicated that approximately $243,000 was missing.
A search then ensued for TSANG and the stolen money. On December 2, 2011, TSANG was apprehended by law enforcement in New Jersey while playing baccarat at the Borgata Casino in Atlantic City. Detectives recovered $26,000 in cash, a flat screen television, and an Apple MacBook Air computer from TSANG and his apartment.
The case is being prosecuted by Assistant District Attorney Tracy Conn, under the supervision of Assistant District Attorney David Szuchman, Chief of the Cybercrime and Identity Theft Bureau. Investigator Karen Kelly conducted the investigation.
District Attorney Vance thanked Chase Bank for their assistance and cooperation in this investigation, as well as Detective Richard Wheeler of the New Jersey State Police.
SEPHOEN TSANG, D.O.B. 2/24/89
New York, NY
The charges contained in the indictment are merely allegations, and the defendant is presumed innocent unless and until proven guilty.