Monday, November 2, 2009

Update: Louisiana Bank Exec Is Sentenced In $135K Embezzlement Case

Loretta Kathryn Balsamico, 51, of Covington, Louisiana, was sentenced to six months in jail and a follow-on six months house arrest for embezzling $135,800 from Citizens Savings Bank where she had served as an assistant vice president. Balsamico had pleaded guilty late July to the embezzlement. Prosecutors had alleged that she had also falsified bank books and records in an attempt to cover-up her thefts. She is believed to have removed between $5,000 and $10,000 in cash per month from her teller drawer over more than a year period.

Read FraudTalk's original post on this story here.

Read the story here.

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