A Cameron Park man was arraigned in federal court Monday after allegedly embezzling money from his employer — a bank.
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Ethan George Banaszak, 34, pleaded not guilty to charges of embezzlement and was released on $75,000 bail, announced U.S. Attorney Benjamin B. Wagner. Banaszak is scheduled to appear on May 17 for a status conference before U.S. Judge Garland E. Burrell Jr.
A federal Grand Jury returned an eight-count indictment charging the man with embezzling from his employer, a federally-insured bank. He allegedly made more that $660,000 in unauthorized withdrawals from bank customers’ accounts and took $16,000 in cash from the bank vault.
Assistant U.S. Attorney Lee S. Bickley will prosecute the case, which was investigated by the FBI. Banaszak faces 30 years in prison and a $1 million fine should he be found guilty.