Zapata National Bank Employee and Another Charged in Bank Fraud Scheme
LAREDO, TX—Petra Del Bosque, 54, and Anita Arredondo, 52, both of Zapata, have been arrested for their alleged participation in a long-running bank-fraud scheme, announced United States Attorney Kenneth Magidson.
The 10-count indictment was returned under seal Oct. 28, 2014, and unsealed today upon their arrests. They are expected to make their initial appearances before U.S. Magistrate Judge Diana Song tomorrow morning.
Del Bosque, a former employee of Zapata National Bank (ZNB), and Arredondo are charged with 10 counts of bank fraud.
According to the indictment, Arredondo worked for a Zapata-based construction company as a clerk in the accounts payable department and had responsibility for issuing company checks. Over an approximate two-year timespan, Arredondo allegedly issued more than 300 false company checks made payable to contractors who had not performed the work that was the alleged basis for the checks.
The indictment alleges Arredondo endorsed the false checks by forging the signatures of the contractors and then delivered the checks to Del Bosque at ZNB. Del Bosque allegedly led ZNB bank tellers to believe she was cashing the checks on behalf of the contractors who were unable to come to the bank themselves and that she would deliver the funds from the cashed checks. However, Del Bosque actually pocketed the money and split the proceeds of the fraud with Arredondo, according to the allegations. The indictment alleges a total loss from the fraud scheme of more than $800,000.
If convicted, Del Bosque and Arredondo face up to 30 years in federal prison and a possible $1 million fine on each count.
The FBI investigated. Assistant U.S. Attorney Robert S. Johnson is prosecuting the case.