Melvin Rohs, 64, of Nevada City, Nevada, pleaded guilty yesterday to three counts of embezzlement by a bank employee and two counts of making a false statement in connection with a loan application. According to reports, Rohs misappropriated a total of $2,172,109.80 from Citizens Bank, where he had been employed as a senior loan officer. In September 2008, Rohs allegedly began embezzling from customer accounts and misappropriated funds from phony loans. He is scheduled to be sentenced on March 1, 2011.
Read the story here, here and here.
Update (5/25/11): Rohs, now 65, has been sentenced to 33 months in prison and ordered to pay $533,976 in restitution.
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