Tuesday, February 3, 2009

Update: Ex-Banker In South Florida Pleads Guilty To Embezzling More Than $29 Million

Ricardo Figueredo, of Miami Beach, Florida, pleaded guilty today to embezzling more than $29 million in client funds from Bank of America and its predecessors, NationsBank and Barnett Bank over more than a dozen years. The loss estimate has increased dramatically since he was charged two weeks ago. Sentencing is scheduled for April 14th.

Read FraudTalk's original post on this story here.

Read the DOJ's press announcement here.

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