Former Craig bank employee sentenced for fraud
DENVER — A California woman who once managed operations at a bank in northwest Colorado has been sentenced to three years and four months in prison for bank fraud.
A federal judge today also ordered 56-year-old Patricia Cabano of West Sacramento to pay restitution of $535,530. She is barred from ever working in the financial industry again. Her prison term is to be followed by five years of supervised release.
Cabano was a bookkeeper and operations manager of the Bank of Colorado in Craig.
According to a plea agreement, Cabano made unauthorized transfers from customers’ accounts to herself, to favored customers and to some of her relatives between July 1998 and November 2002.