Former Wells Fargo Bank Employee Indicted
POCATELLO – Carlos E. Juarez, 26, of Rexburg, Idaho, a former Wells Fargo Bank employee, was indicted yesterday by a federal grand jury in Pocatello for financial institution fraud, U.S. Attorney Wendy J. Olson announced. A jury trial is set for May 14, 2012, before Chief U.S. District Judge B. Lynn Winmill at the federal courthouse in Pocatello.
The indictment alleges that between August and November 2011, Juarez willfully embezzled and misapplied certain monies and funds of Wells Fargo Bank, valued at approximately $11,101, 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.
The case was investigated by the United States Secret Service and Wells Fargo Bank.
An indictment is a means of charging a person with criminal activity. It is not evidence. The person is presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
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