Arundel Man Sentenced to More Than a Year in Prison for Bank Theft
PORTLAND, ME—United States Attorney Thomas E. Delahanty II announced that Jeffrey Burnham, 42, of Arundel, Maine, was sentenced today in U.S. District Court by Judge George Z. Singal to 1½ years in prison and three years of supervised release for theft by a bank officer. Burnham pleaded guilty on June 10, 2014.
According to court records, from about February 2011 to February 2012, Burnham, who was a Vice President with TD Bank, stole about $240,000 from the bank. Burnham used his corporate credit card to charge personal expenditures at several gentlemen’s clubs located in Maine, Massachusetts, New York, and Florida and then submitted false expense reports and other false information that caused the bank to pay for those personal expenditures. Burnham also gave TD Bank gift cards that were designed to be given as gifts to TD Bank clients instead to employees of the gentlemen’s clubs.
The investigation was conducted by the Federal Bureau of Investigation.