Former bank employee charged in bank fraud

New Jersey news from Eyewitness News

February 8, 2012 11:17:28 AM PST
Federal authorities say a former New York bank employee who lives in New Jersey stole more than $1.8 million from a retired financial executive's accounts.

Bank fraud and money laundering charges were filed Wednesday against 47-year-old Karen Febles of Palisades Park. She was an executive assistant at the bank for 11 years before being fired last September.

Prosecutors say Febles routinely prepared checks for the victim. Many were made payable to the victim or petty cash, and Febles was supposed to cash them to cover the victim's employees and other expenses.

But Febles allegedly wrote checks that "grossly exceeded" the amounts the victim had authorized. And some were altered by Febles after the victim signed them.

Authorities say Febles spent the money on luxury vehicles, vacation cruises and personal expenses.

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