Emigrant Savings Bank’s only Westchester branch is in Ossining
On May 2, Westchester County District Attorney Susan Cacace announced that an Elmsford man was charged with Grand Larceny in the Second Degree for stealing from his employer, Emigrant Savings Bank. This charge is a Class C felony and can result in a maximum sentence of 15 years in prison.
Duke Biswas, 51, of Elmsford, was arraigned yesterday morning on a felony complaint in Elmsford Town Court. It is alleged that on or about and between March 22, 2024 and March 29, 2024, Biswas was able to breach Emigrant Savings Bank’s core platform and manipulate code to alter small monetary deposits in his personal account to reflect deposits totaling $259,977. Over the course of this week, and without permission or authority from Emigrant Savings Bank, Biswas transferred money into his personal accounts. The total loss to Emigrant Savings Bank was $139,677.
Biswas was arraigned by Judge Rosalie Tanis and released on his own recognizance. In New York, Grand Larceny in the Second Degree is generally a non-qualifying offense for bail.
DA Cacace said: “Financial crimes are not victimless. This arrest sends a clear message. Our office will continue to pursue those who try to exploit the financial system for personal gain and will hold individuals accountable ensuring that justice is served. I would like to credit our highly trained investigators for their work in this case. I would also like to ensure the public that we will further our commitment to offer training and resources to all of our personnel so that they can successfully investigate and prosecute these types of cases.”
This investigation is being conducted by the Westchester County District Attorney’s Office.
