Home Philadelphia Press Releases 2010 Former Bank Official Sentenced to Prison for Embezzlement and Making False Entries
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Former Bank Official Sentenced to Prison for Embezzlement and Making False Entries

U.S. Attorney’s Office December 02, 2010
  • Middle District of Pennsylvania (717) 221-4482

The United States Attorney’s Office for the Middle District of Pennsylvania, announced that Glenn J. Clark, age 37, of Scranton, Pennsylvania, was sentenced today in federal court for embezzling approximately $30,000 and making numerous false entries into North Penn Bank’s records. Clark was sentenced by Senior United States District Court Judge Edwin M. Kosik to serve 14 months’ imprisonment to be followed by three years of supervised release. Restitution of $29,640 was previously made by Clark to the bank.

According to United States Attorney Peter J. Smith, Clark was an assistant vice-president, controller, and principal accounting officer for North Penn Bank which is located in Scranton, Pennsylvania. Clark was terminated in November 2008, when the bank discovered his embezzlement. Subsequent investigation revealed that Clark manipulated the bank's internal accounts to conceal substantial shortages.

Clark embezzled approximately $30,000 and used the bank’s funds to pay personal expenses. Clark also became aware of substantial shortages in the bank’s correspondent bank account. Instead of reporting those shortages to the bank’s management, he made numerous fraudulent journal entries to conceal the shortages.

This case was investigated by the FBI and was assigned to Senior Litigation Counsel Bruce Brandler for prosecution.

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