PHILADELPHIA - Fernando Sanchez, 42, of Lancaster, Pennsylvania, was sentenced on April 29, 2016 to 15 months of in prison for embezzling approximately $99,106 from a bank in Lancaster where he was employed as a manager. In addition to the prison term, U.S. District Court Judge Edward G. Smith ordered 24 months of supervised release and a $300 special assessment.
Sanchez perpetrated the thefts by making a series of electronic wire transfers to another financial institution where he maintained an account without the knowledge or approval of the account holder. Sanchez used a portion of the money that he had embezzled from his employer’s bank client, to pay personal expenses, such as credit card bills, and to give money to his relatives. After the wire fraud was discovered and Sanchez was confronted with evidence of his crimes, Sanchez repaid the money that he had stolen and admitted his guilt.
The case was investigated by Federal Bureau of Investigation and was prosecuted by Assistant United States Attorneys Laurie Magid and Floyd J. Miller.