A former bank teller from Saugus has been sentenced to over two years in prison for embezzling more than $180,000 from a Boston branch of a national bank. Derek Aut, 29, received a sentence of 25 months in prison followed by two years of supervised release. He was also ordered to pay restitution amounting to $183,677.73.
In March 2025, Aut pleaded guilty to charges of embezzlement by a bank employee and aggravated identity theft. During his tenure as a bank teller in Boston, he stole funds from the accounts of two customers by forging their names on withdrawal slips and other methods. When one customer noticed discrepancies in her account balance, Aut attempted to conceal his actions by transferring money from another victim’s account into hers. His actions resulted in losses exceeding $180,000 for the bank.
The sentencing was announced by United States Attorney Leah B. Foley and Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England. The case was prosecuted by Assistant U.S. Attorney Kristen A. Kearney from the Securities, Financial & Cyber Fraud Unit.
