Sunday, November 21, 2010

Former California Bank Exec Indicted For Embezzling $217K

Norma Pena, 37, of Delhi, California, was indicted on charges she embezzled more than $217,000 from a Citibank branch in Ceres, California where she had served as assistant branch manager. The 14 count indictment alleges that Pena created her own teller cash drawer from which she took cash deposits and then attempted to cover up the losses with electronic transfers of the amounts stolen to ATM vault accounts. Pena's scheme spanned nearly a year, from March 2009 through February 2010, according to the indictment. She is also accused in a check kiting scheme - writing bad checks from one account to cover another. Pena faces up to 30 years in prison, plus a $1 million fine and restitution.

Read the story here and here.

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