A former San Francisco bank employee, Sixto Christopher Porras, has been indicted by a federal grand jury for allegedly embezzling funds from customer accounts and committing access device fraud. The charges stem from incidents that occurred while Porras was employed as an associate banker at a San Francisco branch of a large national bank.
According to the indictment filed on June 17, 2025, and unsealed today, Porras is accused of misappropriating approximately $100,000 in August 2023 from one customer’s account after obtaining their debit card’s personal identification number during a wire transfer transaction. Additionally, in September 2023, Porras allegedly redirected another customer’s reissued debit card to his residence and embezzled approximately $340,000 from their accounts.
The announcement was made by United States Attorney Craig H. Missakian and IRS Criminal Investigation (IRS-CI) Oakland Field Office Special Agent in Charge Linda Nguyen. Following his initial court appearance, Porras was released on bond and is scheduled for further proceedings on July 14, 2025.
Porras faces one count of embezzlement of bank funds under 18 U.S.C. § 656 and one count of access device fraud under 18 U.S.C. § 1029(a)(5). If convicted, he could face up to 30 years in prison and a $1 million fine for the embezzlement charge and up to 15 years in prison with a $250,000 fine for the fraud charge. It is emphasized that an indictment merely alleges crimes have been committed; all defendants are presumed innocent until proven guilty beyond a reasonable doubt.
Assistant U.S. Attorney Ryan Rezaei is handling the prosecution with assistance from Lynette Dixon. The case results from an investigation conducted by IRS-CI.
