Bank Employee Allegedly Drains $2,300,000 From Bank Accounts in Massive Fraud Scheme: Report

A former bank employee is facing a slew of charges after being accused of lifting millions of dollars from the lender.

Fedrick Jeffries is facing seven counts of identity theft, five counts of computer forgery, and one count of theft by taking for allegedly stealing $2.3 million from Fifth Third Bank in Atlanta, Georgia, FOX5 Atlanta reports .

Jeffries was arrested and booked into a county jail last week following an investigation that began in late October of last year when his co-workers grew suspicious of him.

The employees suspected that Jeffries had opened up multiple fraudulent checking accounts and took money from the bank.

Investigators later determined that between May 8 and Oct. 22, Jeffries had opened five fraudulent accounts and then deposited millions of dollars into them using forged checks with stolen identities.

According to the investigation, while Jeffries was working his shift, additional unidentified suspects allegedly entered the bank, deposited the fraudulent checks and then accessed the accounts online.

The investigation ultimately discovered that another employee was conducting a similar scheme in West Palm Beach, Florida at another Fifth Third branch, though the link between Jeffries and the second suspect is unclear.

The amount of money allegedly stolen between the two schemes totals more than $2.6 million.

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