Former Riverside Bank Manager Sentenced to Three Years for Embezzlement of Family’s Accounts
| U.S. Attorney’s Office April 20, 2009 |
A former bank manager who pleaded guilty to embezzling funds from accounts held by family members was sentenced today to three years imprisonment and three years supervised release.
Cheryl Carlini, 51, of Lake Havasu City, Arizona (formerly of Riverside) was sentenced this morning by United States District Judge, Stephen G. Larson, in U.S. District Court in Riverside, California.
Carlini, a former branch manager for Guaranty Bank’s Canyon Crest branch in Riverside, California, pleaded guilty in November 2008, to one count of embezzlement by a bank officer or employee, Title 18, U.S. Code, Section 656, in connection with the fraudulent scheme. As branch manager, Carlini had access to customer accounts for which she completed withdrawal slips in order to remove funds from certificate of deposit (CD) accounts held by her relatives, including her 83 year-old aunt. Carlini used the funds for personal expenses.
In addition to her prison sentence and terms of release, Carlini was ordered to pay $507,185.93 in restitution and a $100 special assessment.
This case was investigated by the FBI's Riverside Resident Agency, part of the FBI's Los Angeles Field Office. The case was prosecuted by Assistant United States Attorney for the Central District of CA, Charles Kovatz.