Former Craig woman indicted for federal bank fraud
June 9, 2009
Total Loss:
$567,000
A former Craig woman was indicted in U.S. District Court in Denver last month after officials alleged she stole money from 18 different accounts at the Bank of Colorado in Craig, where she worked.
According to the indictment filed May 6, authorities believe she embezzled money from various accounts from July 1998 to November 2002 while she worked first as head bookkeeper and then as operations officer for the bank. The indictment states that by the time authorities discovered Patricia Cabano's actions, she and the scheme's other alleged beneficiaries had spent $567,000 in stolen funds, which was a loss to the bank.
Source:
Craig Daily Press
Posted in:
Internal Fraud