CLEVELAND, Ohio — A federal judge sentenced a former KeyBank analyst to 10 years in prison Tuesday in connection with a years-long scheme to defraud numerous elderly bank customers out of more than $1 million, including a 103-year-old woman.
U.S. District Court Judge Philip Calabrese sentenced Yue Cao, 36, to eight years on 10 counts of bank fraud and one count of money laundering, plus two years for four counts of identity theft.
While he worked at KeyBank, Cao surreptitiously funneled money from accounts of older clients into his own personal and brokerage accounts…