A former Bank of New York Mellon Corp employee was arrested on Wednesday on charges that he embezzled $7.1 million, money he used to buy among other things an outdoor pool, home landscaping, vacations and a luxury car.
Christopher Canale, who worked for Bank of New York's Pershing LLC unit most recently as an accounts payable manager, was charged in a criminal complaint filed in Manhattan federal court.
Canale, 47, was arrested in Poughkeepsie, New York, where he resides, according to a spokesman for Manhattan U.S. Attorney Preet Bharara. An attorney for Canale could not be immediately identified.
This article was provided by Reuters.