Federal prosecutors say Ralph Edward Thomas Jr., 52, was vice president of a Harbor Bank subsidiary in late 2001 when he convinced a woman who was a trustee of her injured daughter's $3 million legal settlement to move the account to Harbor Bank.
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Baltimore, MD, USA
Prosecutors say Thomas also took out three mortgages on the woman's residence without her permission and used the proceeds for himself.
In 2006, they say, Thomas was working as a financial adviser for Wells Fargo Advisors and oversaw the distributions of an annuity for a Baltimore retiree and her 85-year-old sister, who suffered from dementia.
Thomas withdrew $75,000 from the annuity and used about half the money for personal purposes, according to the indictment.
A court appearance has not been scheduled.
Thomas faces up to 20 years in prison and a fine of up to $250,000. Prosecutors are seeking $838,350.04, including investment accounts owned by Thomas, the home in Reisterstown, and luxury automobiles.
Thomas could not be reached for comment.