O'Mara, Gleason & O'Callaghan, Llc

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Commodities trader alleges Fifth Third ignored signs that could have prevented firm employee's $1 million theft

By Scott Holland | 9 years ago

An Indiana commodities trader is suing Fifth Third Bank in Cook County Circuit Court after losing more than $1 million in an employee theft scam. Ronald Manaster has alleged former employee Joseph Tagler stole more than $1 million from his company by “forging account paperwork adding himself as an authorized signer on Manaster’s Fifth Third checking account, and then forging and cashing checks and fraudulently initiating wire transfers from that checking account.”