Cambridge man indicted for stealing thousands of dollars in bank scheme

Updated:

WOBURN, Mass. (MyFoxBoston.com) -- A Cambridge man has been indicted in connection to bank fraud and for allegedly stealing thousands of dollars from Wells Fargo Bank customers.

The Middlesex District Attorney's office says Angelo Alberto Riddell allegedly stole $44,000 from Wells Fargo Bank customers starting in January.

The 55-year-old allegedly was working with others to conduct a scheme in which he was able to have customers' ATM/debit cards sent to his house.  

It is thought that Riddell then used the accounts to complete transactions, withdrawal money, and make transfers from local stores in Cambridge.

Riddell was indicted by a Middlesex County Grand Jury on charges of Larceny (six counts), money laundering, receiving stolen property and being common and notorious thief, according to the police report.

The investigation is still ongoing.  Riddell is being held on $20,000 bail until his Arraignment in Middlesex Court on August 6.