Former bank fraud prevention manager sentenced to 10 years for stealing over $1 million from elderly

Yue Cao, a former quant analytics manager at KeyBank, was sentenced to 10 years in federal prison for stealing over $1 million from elderly customers aged 90 to 103. Cao exploited his position to access personal information, create fake email accounts, and enroll victims in online banking without their knowledge. The scheme was discovered after suspicious transfers were flagged at his subsequent employer, Charles Schwab.