Thursday, April 21, 2011

California Woman Charged With Embezzling $178K From Bank

Rebecca Parra Cerna, 52, has been charged with embezzling $178,000 in cash from the BBVA Compass Bank branch she managed in Stockton. According to authorities, Cerna's thefts date back to 2008 when she also began to create bogus loans in an attempt to cover them up. Cerna reportedly spent the stolen monies, in part, on gambling.

Read the story here.

Update (7/26/11): Cerna pleaded guilty to grand theft by embezzlement.  According to prosecutors, the total stolen by Cerna was revised to more than $142,000.  In a plea agreement, Cerna was sentenced to 300 days in jail followed five years probation.  She must also pay restitution as determined by the probation department.  Additional details provided by prosecutors reveal that Cerna stole primarily from four bank customer CD accounts and that the thefts spanned 2 1/2 years, from May 19, 2008 through December 17, 2010.

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