Former Branch Manager Embezzled Funds from Beaver Falls Bank
PITTSBURGH, PA - A resident of Beaver Falls, Pennsylvania, pleaded guilty in federal court to a charge of embezzlement by a bank employee, United States Attorney Scott W. Brady announced today.
Robin Chiappetta, age 63, pleaded guilty to one count before United States District Judge Donetta W. Ambrose.
In connection with the guilty plea, the court was advised that Chiappetta, who was employed as an Assistant Branch Manager at First National Bank, located 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.
Judge Ambrose scheduled sentencing for October 9, 2018 at 11 a.m. The law provides for a total sentence of 30 years in prison, a fine of $1,000,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is 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 that led to the prosecution of Robin Chiappetta.