Man admits to stealing nearly $60K from Albany County resident’s bank account

A New York City man has admitted to stealing $59,700 from an Albany County resident’s bank account.

Steven Price, 56, withdrew the money from the account without authorization or permission on multiple occasions during September 2023, according to the Albany County District Attorney’s Office.

The victim did not know Price.

Price was arrested last Dec. 19 after the resident reported suspicious activity in their bank account, according to prosecutors. Price had initially faced charges of identity theft and grand larceny.

He pleaded guilty in Albany County Court on Tuesday to the grand larceny charge resolve the case.

Price faces 4 to 8 years in prison when sentenced on May 23.