Thursday, August 27, 2009

Former New York Bank Manager Pleads Guilty To $700K Embezzlement

Milagros Rodriguez, 40, of Garnerville, New York, pleaded gulity to embezzling some $700,000 from Sound Federal Savings and Loan Association, and then at Hudson City Savings Bank after it acquired Sound Federal, for whom she had been employed as a teller and later as bank manager. Rodriguez had been employed by the banks for 7 years and surrendered last April after she was charged. Her plea was to one count of embezzling bank funds and he faces up to 30 years in prison, plus fines and restitution. According to prosecutors, Rodriguez' scheme lasted from approximately April 2002 through March 2009, wherein she stole the funds from client accounts.

Read the story here.

Read the DOJ announcement here.

Update (3/23/10): Milagros Rodriguez was sentenced to 33 months in prison for her embezzlement.

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