Former Bookkeeper In Upstate New York Pleads Guilty To Embezzling $427K

Glenda Banko, 46, of Hamburg, New York, pleaded guilty to charges this week that she had embezzled $427,661 from Buffalo Rheumatology where she had been employed as a  billing manager.  Authorities alleged that over a span of about 7 years, from 2004 until April 2011, Banko skimmed cash receipts from patient payments to the medical office.  She reportedly began stealing from her employer of ten years after the State of New York ceased making disability payments to her son.  Banko, who pleaded guilty to one count of second-degree grand larceny, faces up to 15 years in prison upon sentencing which is scheduled for September 15, 2011.

Read the story here, here and here.