York County Man Charged With Embezzlement
For Immediate Release
U.S. Attorney's Office, Middle District of Pennsylvania
SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced today that Raymond Patrick Snyder, age 35, of York, Pennsylvania was charged in a criminal information on August 17, 2018, with embezzlement of funds by a bank employee.
According to United States Attorney David J. Freed, the information alleges that Snyder, a former bank employee, embezzled approximately $889,881 from the First National Bank on August 17, 2015.
The case was investigated by the Federal Bureau of Investigation. Assistant United States Attorney Joseph J. Terz is prosecuting the case.
Informations are only allegations. All persons charged are presumed to be innocent unless and until found guilty in court.
A sentence following a finding of guilt is imposed by the Judge after consideration of the applicable federal sentencing statutes and the Federal Sentencing Guidelines.
The maximum penalty under federal law for this offense is 30 years of imprisonment, a term of supervised release following imprisonment, and a $250,000 fine. Under the Federal Sentencing Guidelines, the Judge is also required to consider and weigh a number of factors, including the nature, circumstances and seriousness of the offense; the history and characteristics of the defendant; and the need to punish the defendant, protect the public and provide for the defendant's educational, vocational and medical needs. For these reasons, the statutory maximum penalty for the offense is not an accurate indicator of the potential sentence for a specific defendant.
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Updated August 20, 2018