Banker Charged With Swindling Customers of $2M

By: AP Email
By: AP Email

OAKLAND, Calif. (AP) - A longtime Oakland banker has been charged with stealing nearly $2 million from her customers.

Linda Sue Foss of Dublin was charged earlier this month with 20 felonies, including grand theft, money laundering and elder financial abuse.

Alameda County prosecutors say she embezzled money from at least two elderly customers while working at a U.S. Bank in Oakland and from three more customers at a nearby First Republic Bank branch where she was a recently a manager.

In one alleged instance, a customer's certificate of deposit dropped from $972,000 to $353,000.

Prosecutors say the thefts began three years ago and were uncovered last month.

Foss is being held at the Santa Rita Jail on $1.6 million bail. It was not immediately clear whether she had an attorney

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