{"id":105422,"date":"2025-02-28T17:46:49","date_gmt":"2025-02-28T15:46:49","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/bank-teller-sentenced-to-4-years-after-falsifying-deposits-to-steal-us-dollars"},"modified":"2025-03-04T00:44:11","modified_gmt":"2025-03-03T22:44:11","slug":"bank-teller-sentenced-to-4-years-after-falsifying-deposits-to-steal-us-dollars","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/bank-teller-sentenced-to-4-years-after-falsifying-deposits-to-steal-us-dollars","title":{"rendered":"Bank Teller Sentenced To 4 Years After Falsifying Deposits To Steal US Dollars"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Harare Magistrates\u2019 Court has sentenced a bank teller, Walter Matare, to 4 years in prison for fraud.<\/p>\n

However, 1 year of the sentence was suspended if he repaid US$40,377, the amount he defrauded from EmpowerBank between January and June 2023.<\/p>\n

According to the National Prosecuting Authority (NPA), Matare manipulated the bank\u2019s system by claiming Zimbabwean Dollar (ZWL) deposits as United States Dollar (USD) deposits. This allowed people connected to him to withdraw USD, even though they had deposited ZWL.<\/p>\n

The fraud was discovered in June 2023 when Matare deposited one of his accomplices\u2019 accounts, which was immediately withdrawn, raising suspicions.<\/p>\n

An investigation revealed that Matare had been treating ZWL deposits as USD at a 1:1 exchange rate, allowing his accomplices to withdraw the money in USD right after it was deposited.<\/p>\n

For More News And Analysis About Zimbabwe<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Harare Magistrates\u2019 Court has sentenced a bank teller, Walter Matare, to 4 years in prison for fraud. However, 1 year of the sentence was suspended if he repaid US$40,377, the amount he defrauded from EmpowerBank between January and June 2023. According to the National Prosecuting Authority (NPA), Matare manipulated the bank\u2019s […]<\/p>\n","protected":false},"author":84,"featured_media":105421,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[18059,656,19],"class_list":["post-105422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-bank-teller","tag-fraud","tag-zimbabwe"],"yoast_head":"\nBank Teller Sentenced To 4 Years After Falsifying Deposits To Steal US Dollars - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Harare Magistrates\u2019 Court has sentenced a bank teller, Walter Matare, to 4 years in prison for fraud. 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