Beaver Falls Bank Employee Charged with Embezzling Funds
PITTSBURGH – A resident of Beaver Falls, Pennsylvania, has been indicted by a federal grand jury in Pittsburgh on charges of embezzlement by a bank employee United States Attorney Scott W. Brady announced today.
The one-count indictment, returned on March 6, named Robin Chiappetta, age 63, as the sole defendant.
According to the indictment, from approximately February 2014 until approximately December 2016, Chiappetta, who was employed as an Assistant Branch Manager at First National Bank at 1703 Seventh Avenue in Beaver Falls, embezzled funds belonging to and entrusted to the custody and care of the bank, resulting in a loss of $20,513.80.
The law provides for a maximum total sentence of 30 years in prison, a fine of $1,000,000 or both. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.
Assistant United States Attorney Lee J. Karl is prosecuting this case on behalf of the government.
The Federal Bureau of Investigation conducted the investigation leading to the indictment in this case.
An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.