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Elmsford resident Duke Biswas, 51, was charged with second-degree grand larceny and was arraigned in Elmsford Town Court in connection with the alleged theft on Wednesday morning, April 30, the Westchester County District Attorney’s Office announced on Thursday, May 1.
Prosecutors say that between March 22 and March 29, 2024, Biswas, an employee at Emigrant Savings Bank, breached the bank’s core platform and altered code to manipulate small monetary deposits into his own account. By doing so, he was allegedly able to falsely inflate the balance to reflect deposits totaling $259,977, the DA's Office said.
Over the course of a week, Biswas reportedly transferred funds into his personal accounts without authorization, resulting in a $139,677 financial loss to the bank.
However, the bank was eventually able to recover these funds, according to an Emigrant Savings Bank spokesman.
Biswas was arraigned and released on his own recognizance, as second-degree grand larceny is generally not a qualifying offense for bail under New York State law.
The case is being investigated by the Westchester County District Attorney’s Office.
Biswas faces up to 15 years in prison if convicted.
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