Thursday, June 30, 2011

Maine Woman Sentenced For Embezzling $750K From Bank

Christina Torres-York, 40, of Warren, Maine, has been sentenced to 33 months in prison for embezzling $750,000 from the Camden National Bank where she had been employed.  Torres-York was also charged with embezzling about $60,000 from the Maine Contractors and Builders Alliance, for which she had served as treasurer.  She was ordered to pay restitution of of $595,308 to Camden National Bank and $29,705 to the Maine Contractors and Builders Alliance.  According to prosecutors, over a period of at least 2 years, from 2007 until 2009, Torres-York executed a series of unauthorized transactions, including withdrawals from customer accounts and lines of credit for her own purposes.  Specifically, she is reported to have made numerous withdrawals from five bank customers' lines of credit totalling $749,402.23.  In January 2011, Torres-York, formerly a 20 year employee of the bank, plead guilty to one count of embezzlement and misapplication of funds.

Read the story here, here and here.

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