Former IBC employee accused of fraud has trial postponed
January 4, 2010
Total Loss:
Unknown
The hearing for a former IBC employee has been postponed. Forty-one year old Norma Vargas was in federal court Thursday to face trial on 29 counts of bank fraud, but her court-appointed attorney asked to be replaced due to a conflict of interest. Vargas is accused of taking the bank's utility funds and transferring them into her own personal account over a two-year span. If convicted, Vargas can face up to 30 years in federal prison without parole, and a fine of up to a million dollars.
Source:
KGNS-TV
Posted in:
Internal Fraud