Karen R. Febles, 47, of Palisades Park, New Jersey, has been charged with embezzling more than $1.8 million from the accounts of an unnamed retired financial executive for whom she had been employed as an executive assistant. According to authorities, Febles "routinely prepared checks by hand, filling in the amounts and the payee, and presented them to be signed by the victim," according to the criminal complaint. Febles allegedly wrote checks that “grossly exceeded the amounts the victim authorized to be withdrawn from his bank accounts” at JPMorgan Chase & Co. The misappropriations reportedly spanned more than 4 years, beginning in 2007 and continuing until Febles was fired in November 2011. She has been charged with bank fraud and money laundering. Febles reportedly spent much of the ill-gotten gains on luxury items, including luxury autos and vacation cruises. She had been employed for 11 years at the bank working for the victim.
Read the story here and here.
Read the DOJ announcement here.
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