OAKLAND -- A former president of the Montclair Village Association and respected banker in the close-knit community pleaded guilty Thursday to eight felonies for stealing more than $2 million from 15 elderly bank customers.
Linda Foss, 62, pleaded guilty after reaching a deal with the Alameda County District Attorney's Office that will result in Foss spending 12 years in state prison and being forced to repay the money she stole.
Foss stole the money while working at US Bank and First Republic Bank branch in Montclair Village. Foss worked at US Bank since 1983 and took a job at First Republic Bank earlier this year. Foss was also the president of the Montclair Village Association and routinely held association meetings at the bank branches.
Foss was originally charged with 20 felonies but pleaded guilty Thursday to five counts of stealing from an elder, two counts of grand theft and one count of money laundering.
Prosecutors alleged that Foss began stealing money in 2010 when she worked at the US Bank branch. While there, Foss is accused of stealing from two customers. After she moved to First Republic Bank, Foss is accused of stealing from three customers.
Foss was caught after a wealth manager notice that one of his elderly clients had a bank statement that appeared altered.
Foss's attorney could not be reached for comment.