Miami banker pleads guilty of embezzling deceased customer’s money

A Miami bank employee has pleaded guilty to embezzling more than $190,000 from a deceased customer’s account, federal prosecutors announced Thursday.

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Billy Gedeon, 34, admitted to abusing his position at an international financial institution to steal from the account of a recently deceased customer. According to court records, Gedeon accessed the customer’s accounts multiple times without authorization. In 2023, he forged the customer’s signature on a bank form to close the account, withdrew the funds, and deposited them into his personal account at another bank.

Gedeon pleaded guilty in the Southern District of Florida and now faces a maximum sentence of 30 years in prison. Senior U.S. District Judge Federico Moreno has scheduled his sentencing for June 10, 2025, at 10:00 a.m. ET. Judge Moreno will consider the U.S. Sentencing Guidelines and other statutory factors in determining the final sentence.

The case was investigated by the U.S. Secret Service (USSS) Miami Field Office and the Office of Inspector General for the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau (FRB-OIG).

The announcement was made by U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida, Supervisory Official Antoinette T. Bacon of the Justice Department’s Criminal Division, Special Agent in Charge Rafael Barros of the USSS Miami Field Office, and Special Agent in Charge Brian Tucker of FRB-OIG’s Eastern Region.

The case is being prosecuted by Assistant U.S. Attorney Latoya C. Brown of the Southern District of Florida and Trial Attorneys D. Zachary Adams and Chelsea R. Rooney of the Justice Department’s Money Laundering and Asset Recovery Section.

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