Former Tallahassee Wachovia Employee Charged With Embezzlement

By: U. S. Department of Justice Release
By: U. S. Department of Justice Release

TALLAHASSEE, FLORIDA – April 7, 2011 -

Blake Mallard, 29, of Tallahassee, Florida, was arraigned today on federal charges of bank fraud, embezzlement, and aggravated identity theft, announced United States Attorney Pamela C. Marsh, Northern District of Florida.

The 26-count indictment filed yesterday in United States District Court in Tallahassee alleges that, while employed as a personal banker at Wachovia between 2008 and 2010, Mallard embezzled approximately $29,000 from general ledger accounts of the bank and approximately
$31,000 from the certificate of deposit account of a Wachovia customer. The indictment states that Mallard fraudulently opened approximately 40 bank accounts using the names and personal
identifying information of existing Wachovia customers without their knowledge or consent. He is also alleged to have fraudulently opened approximately 25 accounts in wholly fictitious names.
According to the indictment, Mallard used these accounts to funnel money from the general ledger accounts as well as from the Wachovia customer’s CD account as a means of obtaining cash, cashier checks, and funds to pay his own personal expenses and those of others.

Trial is scheduled for May 16, 2011, before Chief United States District Judge Stephen P. Mickle.

If convicted, defendant faces a maximum sentence of 30 years’ imprisonment on each count of bank fraud and embezzlement. He also faces a mandatory consecutive sentence of 2 years’
imprisonment if convicted of aggravated identity theft.

U.S. Attorney Marsh praised the work of the United States Secret Service and the Tallahassee Police Department, whose joint investigation led to the charges in the case.

The case is being prosecuted by Assistant U.S. Attorney Karen Rhew-Miller.

An indictment is merely a formal charge by the grand jury. Every defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

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  • by Anonymous on Apr 9, 2011 at 08:15 PM
    I believe the bank has insurance/bonds to cover themselves in instances such as this, the bank will probably find it much easier to move on from this, I just wonder why people like this have no moral compass to know this is not right, and why they seem to be able to wriggle into positions of trust while other honest people who are unemployed would be more than happy to take his place.
  • by Oh No! on Apr 9, 2011 at 09:08 AM
    I believe we just found a candidate to replace "Mayor" Marks or our esteemed leader in the State Attorney's office.
  • by Tom Location: Tallytown on Apr 8, 2011 at 08:04 PM
    All fees that you agree to when you deposit with them. Keep track of your money and you won't be "victim" to the fees....
  • by Lulu Location: Southwood on Apr 8, 2011 at 01:18 PM
    Wachovia aka Wells Fargo has stolen from their customers for years via Overdraft fees, ATM fees, and other ridiculous fees!! I have no sympathy for them..
    • reply
      by who is the victim here on Apr 9, 2011 at 06:54 AM in reply to Lulu
      It was not the bank that was vitimized, it was customers, so feel sorry for them, they will have to clean up their credit and deal with the insecurity that comes with some creep stealing your identity for years to come, the bank writes it off and moves on... duh
      • reply
        by jes on Apr 9, 2011 at 07:51 AM in reply to who is the victim here
        Since he was a bank employee, The bank was also victimized. The banks will have to cover customer loses. I wonder why Tallahassee has no real accountants. Sanders & sanders (inovation park) and This bank! Where did these accounting employees get their education?
        • reply
          by accountant on Apr 9, 2011 at 12:23 PM in reply to jes
          Banks don't pay enough for CPAs. Only the bank big-wigs make anything. Even a bank manager doesn't make much in this town. You get what you pay for.
    • reply
      by nsf on Apr 9, 2011 at 04:50 PM in reply to Lulu
      true that wachovia aka wells fargo charges fees for overdraft along with every other bank or credit union out there. don't be fooled, it's a business and they are there to make money regardless and will do so, even the "so called" non-profit credit unions. they are all crooks one way or another.
  • by Stimuli Location: Nerverland on Apr 8, 2011 at 11:32 AM
    Looks like this guy got some stimulus money and a bail out just like his former empoyer.
  • by me Location: tally on Apr 8, 2011 at 10:03 AM
    C location Tallahassee: Good people dont scam others.PERIOD! too bad for his family.
  • by C Location: Tallahassee on Apr 8, 2011 at 09:23 AM
    I personally know Blake and worked with him at Wachovia for 3 years. He is a truly good man who made a horrible mistake and now has to pay the price. It is a very unfortunate situation. My thoughts are with his wife and daughters.
    • reply
      by not convinced on Apr 9, 2011 at 07:00 AM in reply to C
      Nice people do not steal, they appreciate having a good job and do not victimize other people. Pretty sure his wife knew better when she was living nicely and had an idea her husband didn't make enough to afford her all the luxuries he purchased. Greed allows people to turn a blind eye, and want more and more instead of being happy with what G-d gives you.
      • reply
        by C on Apr 14, 2011 at 11:40 AM in reply to not convinced
        Considering you don't know either Blake or his wife I don't think you have room to judge. I know them both and I am sure there was a life changing event that caused Blake to do this, it wasn't out of pure greed.
        • reply
          by Teller on May 26, 2011 at 10:04 PM in reply to C
          wow, you really didn't know what happened. once or twice would be for a need. years stealing, that is GREED. wake up.
  • by Jim Location: Gadsden County on Apr 8, 2011 at 08:44 AM
    Way to go Blake. Stupid move. Not as smart as you thought you were...No more jobs of trust for you. Where my wallet? Where's Blake? Never mind. I found it under the couch cushion.
    • reply
      by bonnie on Apr 10, 2011 at 05:32 PM in reply to Jim
      I work at a job where it would be easy to steal and possibly get away with it, but here is the catch it is up to you in whether you choose to steal or not. desperation to pay bills or have some money in your pocket is no excuse either. You keep your heart in the right place and your mind where your heart is you will not be tempted to make that mistake.
  • by Jan Location: Tallahassee on Apr 7, 2011 at 05:50 PM
    Shanna Lewis has a partner in crime....
  • by dog Location: gone on Apr 7, 2011 at 01:30 PM
    Thug in a Suit is still a THUG.
    • reply
      by Karen on Apr 10, 2011 at 05:50 AM in reply to dog
      I know Blake also. He is such a nice guy that clearly got caught up in something he couldn't find a way out of. Very very sad story. Tough lesson learned but hopefully this won't ruin his life! I feel so bad for his family. I know Blake is humiliated, I hope he survives this and can one day move on.
      • reply
        by once a crook on Apr 10, 2011 at 04:32 PM in reply to Karen
        always a crook, crimals can be nice too, but he ruined some innocent victims feeling of security, so no tears shed for him
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