{"id":988,"date":"2026-06-02T04:14:58","date_gmt":"2026-06-02T04:14:58","guid":{"rendered":"https:\/\/nextcitydigest.com\/?p=988"},"modified":"2026-06-02T04:14:58","modified_gmt":"2026-06-02T04:14:58","slug":"east-bay-man-sentenced-to-prison-for-embezzlement-money-laundering","status":"publish","type":"post","link":"https:\/\/nextcitydigest.com\/?p=988","title":{"rendered":"East Bay man sentenced to prison for embezzlement, money laundering"},"content":{"rendered":"<div>\n<div>\n<p>OAKLAND \u2013 A 34-year-old Union City man has been sentenced to 1\u00bd years in federal prison for embezzling more than $800,000 from the bank where he worked as an assistant manager, prosecutors said.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=987\">SF Giants add right-handed reliever Ramos, infielder Kennedy to roster<\/a><\/p>\n<p>Tamim Haidar pleaded guilty last November 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, according to the U.S. Attorney\u2019s Office.<\/p>\n<p>Haidar admitted to abusing his position as an assistant branch manager of a Wells Fargo bank to embezzle hundreds of thousands of dollars, prosecutors said, citing his plea agreement.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=985\">Mountain View nurse among three charged in Newark child predator sting<\/a><\/p>\n<p>Prosecutors said Haidar stole money that was supposed to be deposited into ATMs and made false data entries to hide the theft. He moved the funds into his personal bank accounts and used them to cover losses he incurred while trading in foreign currency.<\/p>\n<p>In addition to the prison term, U.S. District Judge Araceli Martinez-Olguin ordered Haidar to serve three years of supervised release and pay more than $800,000 in restitution, prosecutors said. Haidar is scheduled to begin serving his sentence on Aug. 31.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=983\">Two San Jose Targets dinged for rodent droppings<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A 34-year-old Union City man has been sentenced to 1\u00bd years in federal prison for embezzling more than $800,000 from the bank where worked as an assistant manager, prosecutors said.<\/p>\n","protected":false},"author":1,"featured_media":842,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>East Bay man sentenced to prison for embezzlement, money laundering - Next City Digest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextcitydigest.com\/?p=988\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"East Bay man sentenced to prison for embezzlement, money laundering - 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