United States Attorney for the Eastern District of Pennsylvania Announces Participation in National Money Mule Initiative; Obtains Three Civil Injunctions Against Alleged Money Mules Involved in Lottery Scams
PHILADELPHIA – Fernando Sanchez, 42, of Lancaster, Pennsylvania, was charged yesterday by Information with three counts of wire fraud, announced United States Attorney Zane David Memeger. While employed as a bank manager at Fulton Bank in Lancaster, Sanchez fraudulently took approximately $99,105.09 from the bank account of the Manor Shopping Center Merchants Association.
According to the information, from about May 2010 until about July 2014, Sanchez took money from the Merchants Association bank account to pay his own personal expenses. He removed money from the account using dozens of cashier’s checks which he deposited in his own account in another bank, and also by making online electronic transfers of funds to pay his personal expenses.
If convicted, the defendant faces a maximum possible sentence of 60 years in prison, three years of supervised release, restitution, a $750,000 fine, and a $300 special assessment.
The case was investigated by the Secret Service and is being prosecuted by Assistant United States Attorney Laurie Magid.
An Information is an accusation. A defendant is presumed innocent unless and until proven guilty.