MASSAPEQUA - A former bank employee from Massapequa was arrested yesterday and charged with running an investment scam.

Police say in September of 2011, 27-year-old Stefans Zaffuto got a woman to invest $5,000 by promising her a 20-percent return.

When the client called Zaffuto to collect, police say the former Chase Bank worker couldn't come up with the money.

Zaffuto now faces grand larceny charges.