Patricia Cabano, 56, formerly of Craig, Colorado and now of West Sacramento, California, was sentenced to 40 months in prison for embezzling $535,530.67 from the Craig, Colorado branch of the Bank of Colorado where she had been employed as operations officer. According to the indictment, Cabano allegedly had “largely unsupervised access to customers’ accounts” and made electronic transfers to her own accounts, as well as those of family members and bank “customers she favored.” Cabano's scheme allegedly spanned more than four years from July 1998 through November 2002. Cabano, who was originally charged in June 2009 with 31 counts of bank fraud, pleaded guilty to 2 counts this past April in a plea agreement.
Read the story here, here and here.
Read the DOJ announcement here.
Hat Tip: Reader Joe
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