Businessman Charged with Stealing Thousands of Dollars from San Antonio Cash Network ATMs
In San Antonio this morning, FBI agents arrested 54-year-old Joseph Vasquez, a principal of San Antonio Cash Network, for allegedly stealing over $145,000 from his company’s ATMs, announced United States Attorney John F. Bash and Federal Bureau of Investigation Special Agent in Charge Christopher Combs, San Antonio Division.
A federal grand jury indictment returned yesterday charges the defendant with four counts of embezzlement. The indictment alleges that in October and November 2016, Vasquez removed cash without authorization from four different San Antonio Cash Network ATMs.
The indictment also seeks a monetary judgment in this case in the amount of $1,084,600, which represents with the value of the proceeds obtained from the defendant’s overall scheme. Each charge calls for up to 30 years in federal prison and up to a $1,000,000 fine upon conviction.
The FBI and the Texas Department of Public Safety investigated this case. Assistant United States Attorney William R. Harris is prosecuting this case on behalf of the government.
It is important to note that an indictment is merely a charge and should not be considered as evidence of guilt. The defendant is presumed innocent until proven guilty in a court of law.