An elderly man was defrauded of almost $200,000 by his Wells Fargo bank teller, allegedly one of two people swindled by the man, according to authorities.
Tustin resident Jake Chih Wei Cheng, 23, was arrested Friday at his home by Secret Service agents and Huntington Beach police officers, according to a Facebook post by the Huntington Beach Police Department.
He's accused of forging checks from one victim's account for almost year, taking almost $200,000, police said.
Cheng allegedly defrauded another elderly person out of over $40,000 after he transferred to a different branch.
Wells Fargo's internal fraud investigators discovered the fraud and terminated Cheng, police and a Wells Fargo spokeswoman said.
"The two affected customers have been made whole," said Wells Fargo spokeswoman Lisa Woolery in an e-mail.
Cheng faces charges of embezzlement and money laundering, and is in custody in Santa Ana.