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Former Citibank manager from Delhi sentenced to two years for embezzlement

A former Citibank assistant branch manager from Delhi was sentenced in federal court Wednesday to two years, three months in prison for embezzling $217,000 from a bank.

Norma Pena worked at the Citibank in Ceres, where prosecutors say she stole the money, according to Lauren Horwood, spokeswoman for U.S. Attorney Benjamin B. Wagner.

According to court documents, Pena embezzled the money from a teller cash drawer over the period of nearly a year between March 2009 and February 2010. When Pena received cash, instead of placing it in her cash drawer, she would keep some of it for herself, Horwood said.

The branch accounting system would nevertheless electronically show that the cash had been placed in her cash drawer. As a result, her cash drawer contained less cash than the amount shown electronically.

To hide this discrepancy, Pena would make electronic transfers from her cash drawer to the branch ATMs, without actually transferring any cash.

Pena would then oversee the ATM cash counts and would add the amounts stolen to the amounts counted, to balance the ATMs electronically.

U.S. District Judge Lawrence J. O'Neill determined Pena engaged in a long-term, sophisticated crime. As part of the sentence, O’Neill ordered her to pay more than $217,000 in restitution.

-- Sun-Star staff

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