Friday, February 13, 2015

Two Texas Women Plead Guilty To Bilking Bank Out Of $800K

From News12 on 2/11/2015:

A former banker and another South Texas woman face up to 30-year prison terms in a check-cashing scheme.

Anita Arredondo pleaded guilty Tuesday to bank fraud in the scam involving about $800,000 in bogus construction company checks.

Prosecutors in Laredo say Petra Del Bosque earlier pleaded guilty to the same federal count.
Both women from Zapata (zuh-PAH'-tuh) were arrested last October.

Del Bosque formerly worked at Zapata National Bank. Arredondo was an accounts payable clerk for a construction company.

Investigators say Arredondo issued and endorsed more than 300 company checks made payable to contractors for work that was never done. Del Bosque told tellers that she was cashing the checks on behalf of contractors and would deliver the money.

The two women also face possible $1 million fines.

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