Ex-banker gets prison time for stealing from elderly customers

Diane Niehaus sentenced to prison for embezzlement. (Photo/Montgomery County Jail)
Diane Niehaus sentenced to prison for embezzlement. (Photo/Montgomery County Jail)

DAYTON, Ohio (WDTN) – A woman who stole from the bank accounts of elderly customers will spend some prison time for her crime.

Diane Niehaus, 40, of Sugarcreek Township, will serve five years in prison for embezzlement. She will be on three years probation after her release.

Court documents say Niehaus managed the Union Savings Bank branch in Centerville between 2007 and 2010. The documents indicate that she took advantage of her position to target and steal hundreds of thousands of dollars from elderly customers.

It goes on to report that Niehaus knew her victims suffered from conditions like dementia and Alzheimer’s Disease.

Niehaus would create fictitious gift letters and fraudulent powers of attorney to conceal the theft.

“Ms. Niehaus has been and remains an economic danger to this community,” Assistant U.S. Attorney Brent Tabacchi told the court. “Far from having no financial impact on her victims, this defendant’s actions have cost her former employer hundreds of thousands of dollars for which it has yet to receive complete restitution.”

She pleaded guilty in September 2013 to embezzlement, money laundering and filing a false income tax return.

She must also pay restitution. The exact amount is to be determined.

“Embezzlement and fraud cases can take time to unravel due to the complex financial transactions,” said Kathy A. Enstrom, Special Agent in Charge, IRS Criminal Investigation, Cincinnati Field Office. “As we often see, the victims are not only the taxpayers, but also the individuals and entities who suffer the financial harm.”

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