Ex-banking manager pleads guilty to embezzlement
Jul. 27, 2017
CHARLOTTE, N.C. (AP) — A former manager at a North Carolina bank has admitted in federal court to stealing nearly $217,000 from his employer.
The U.S. Attorney's Office said in a news release that 38-year-old Mark Isaac Coffino of Huntersville pleaded guilty to embezzlement on Wednesday in U.S. District Court in Charlotte.
Court documents say that from 2010 to 2016, Coffino was employed by a large international bank not identified in the news release.
Prosecutors said Coffino used his position to create and issue approximately 20 cashier checks payable to his personal accounts. Documents show Coffino embezzled funds on twelve occasions between May 2015 and December 2016 in amounts ranging from $6,995 to $48,659.
Coffino faces up to 30 years in prison and a $1 million fine. A sentencing date has not been set.