Friday, August 28, 2009

Illinois Woman Pleads Guilty To $481K Embezzlement

Sandra L. Savala, 41, of Silvis, Illinois pled guilty yesterday to embezzling some $481,000 from Southeast National Bank in Moline, Illinois, where she had been employed in various positions including bank teller, loan processor and manager. Savala's embezzlement reportedly occurred between July 1996 and February 2004. Savala reportedly made false cash advance entries into bank books and records, transferring the funds to herself. Sentencing is scheduled for next January and faces up to 30 years in prison.

Read FraudTalk's original post on this story here.

Read the story here and here.

Update (3/14/10): Sandra L. Savala, now 42, was sentenced to 4 years in prison for her embezzlement of $481,000 from Southeast National Bank. She must also pay full restitution and will have 5 years of supervised release after her jail time.

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