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Feds: Maine banker used bank money at strip clubs

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News,Business,Crime,Banking and Finance Committee,Maine

PORTLAND, Maine (AP) — Federal authorities say a former executive at TD Bank in Maine used a corporate credit card to spend nearly $220,000 at adult entertainment clubs.

Jeffrey Burnham of Arundel is scheduled to appear in U.S. District Court in Portland on Thursday to face a charge of theft by a bank officer.

According to court records, the 41-year-old Burnham used the card 72 times at strip clubs in Maine, Massachusetts, New York and Florida from February 2011 until February 2012, when he left the company.

Burnham was a vice president and regional mortgage sales manager in the bank's Falmouth office at the time.

Authorities say Burnham claimed the spending was for business-related purposes.

Burnham has not been arrested. His lawyer tells the Portland Press Herald her client does not want to comment.

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