Ex-bank manager arrested for embezzlement Orlando Business Journal Date: Tuesday, June 7, 2011, 5:31pm EDT Related: Banking & Financial Services, Legal Services
A former Osceola County SunTrust Bank manager has been arrested on federal embezzlement charges.
Manager was indicted by a federal grand jury on the charge June 1 and, if convicted, faces a maximum penalty of 30 years in federal prison, according to a release from the U.S. State Attorney’s Office.
Manager is accused of knowingly embezzling at least $14,985, including more than $1,000 in federally insured funds entrusted to SunTrust Bank from about Dec. 28, 2009, until Feb. 16, 2010, court documents said.
An indictment is a formal charge that a defendant has committed a violation of federal criminal laws. Every defendant is presumed innocent unless and until proven guilty.
Manager has been released from custody pending trial, which is scheduled for Aug. 1.
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