(Reuters) A former employee of a Bank of New York Mellon Corp unit was arrested on Wednesday on charges that he embezzled $7.1 million, which he used to pay for gambling debts and buy an outdoor pool, luxury cars and a gun safe.Christopher Canale, who worked for Bank of New York’s Pershing LLC unit, most recently as an accounts payable manager, was charged in a criminal complaint filed in federal court in Manhattan.
Canale, 47, was arrested in Poughkeepsie, New York, where he resides, according to a spokesman for Manhattan U.S. Attorney Preet Bharara. An attorney for Canale could not be immediately identified.
