Former Rigby Bank Employee Pleads Guilty to Bank Fraud
POCATELLO – Carlos E. Juarez, 26, of Strasburg, Pennsylvania, formerly of Rexburg, Idaho, pleaded guilty today in United States District Court in Pocatello to a single count indictment charging him with fraud from a financial institution, U.S. Attorney Wendy J. Olson announced. Juarez was indicted by a federal grand jury in February 2012.
In court today, Juarez admitted that between August 2011 and November 2011, while employed by Wells Fargo Bank in Rigby, Idaho, he willfully embezzled and misapplied $11,101 from Wells Fargo Bank, by arranging unauthorized loans from customers' accounts.
The charge is punishable by up to 30 years in prison, a maximum fine of $1 million, and up to three years of supervised release.
Sentencing is set for November 9, 2012, before Chief U.S. District Judge B. Lynn Winmill at the federal courthouse in Pocatello.
The case was investigated by the U.S. Secret Service.
Project Safe Neighborhoods (PSN) is a collaborative effort by federal, state, and local law enforcement agencies, prosecutors, and communities to prevent and deter gun violence.
