Rochester man sentenced for stealing $168-thousand dollars from his employer

BUFFALO, N.Y. - U.S. Attorney Michael DiGiacomo announced today that Michael Torres, 38, of Rochester, NY, who was convicted of financial institution fraud, was sentenced to serve three months in prison, three months home detention and three years’ supervised release by U.S. District Judge Richard J. Arcara. Torres was also ordered to pay restitution totaling $136,679.

Between September 2021 and February 2022, Torres was employed as a Relationship Manager at Financial Institution 1. While in this position, he misused his position to apply for loans through Financial Institution 1 in the names of individuals without their knowledge or authorization. Torres applied for 19 loans for a total of $168,000, which was deposited into bank accounts that he controlled. 

The case was prosecuted by Assistant U.S. Attorney Douglas A. C. Penrose. The sentencing is the result of an investigation by the Federal Bureau of Investigation, under the direction of Acting Special Agent-in-Charge Brendan Dunford.

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