Embezzlement Scheme Nets East Bay Bank Employee Prison Time: DOJ

UNION CITY, CA — A former assistant branch manager at a Wells Fargo bank has been sentenced for his role in embezzling hundreds of thousands of dollars, prosecutors said.

Tamim Haidar, 34, of Union City, was admitted in November 2025 to using his position at the bank to embezzle more than $800,000, according to the Department of Justice.

Prosecutors say Haidar stole money meant for ATMs and then made false database entries to hide the crime. The 34-year-old then transferred the money to a personal bank account and used it to make up for foreign currency trading losses, they added.

Haidar, who pleaded guilty to one count of embezzlement by a bank officer or employee and two counts of engaging in monetary transactions in property derived from specified unlawful activity, was sentenced by a judge Monday to one-and-a-half years in prison.

He was also sentenced to three years of probation following his release and must pay more than $800,000 in restitution, prosecutors said. He will begin his sentence on Aug. 31.