Assistant Bank Branch Manager Charged With Bank Fraud

Erlanda Naranjo, 39, of Nashville, Tennessee, was charged by Information, filed yesterday, with bank fraud, announced United States Attorney Zane David Memeger.  According to the Information, while employed at a bank, the defendant submitted a false application for a business line of credit in the name of a relative.  That relative neither owned a business nor authorized Naranjo to apply for credit in her name.  The bank ultimately approved the application, and sustained a loss of more than $95,000, when the line of credit was charged up and not repaid.

If convicted the defendant faces a maximum possible sentence of 30 years in prison, a five-year period of supervised release, a $1,000,000 fine and a $100 special assessment.

The case was investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant United States Attorney Elizabeth Abrams.

Click here to view the indictment

UNITED STATES ATTORNEY'S OFFICE, EASTERN DISTRICTof PENNSYLVANIA
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