August 5 2019
The former manager of a Wells Fargo branch in Glendale pleaded guilty on Monday to using his position to aid a $14-million money laundering scam involving tax refunds.
Hakop Zakaryan, 34, pleaded guilty to one count of bank fraud and faces up to 30 years in prison for his participation in the scheme.
According to a statement from the U.S. Attorney’s Office, Zakaryan would be paid thousands of dollars in cash to unfreeze fraudulent bank accounts that were created using fake identities. He would unfreeze them by providing the bank’s loss prevention department with false information.
