Friday, April 8, 2011

North Carolina Man Indicted On Charges He Allegedly Stole More Than $400K From Bank ATMs He Serviced

John Michael Feltovic, 43, of Fayetteville, North Carolina has been indicted on charges he embezzled more than $400,000 from four area banks whose ATMs he serviced through his employer, Colorado-based Pendum, LLC. According to prosecutors, Feltovic pocketed some $300,000 in cash at 17 area ATMs for BB&T, First Citizens and two subsidiaries of U.S. Bank, which he was entrusted to service and restock. He is also charged with stealing $104,000 from one of the bank's vaults. Feltovic's schemes reportedly began in December 2010 and continued until this February.

Read the story here.

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