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November 6, 2013
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Bridgeport teller faces 30 years in embezzlement

A Bridgeport woman faces up to 30 years in federal prison after she admitted to embezzling $322,000 from Eastern Sierra Community Bank.

Roxanna Foley, 52, entered a plea to one count of embezzlement by a bank employee in federal court on Oct. 9, according to U.S. Attorney Benjamin B. Wagner.

Bank officials began noticing discrepancies at the Bridgeport branch of the bank.

According to court documents, they made an unannounced visit to the branch to investigate a suspicious $90,000 transaction.

After reviewing the bank’s records, officials identified the misplaced funds, and $6,000 missing from Foley’s teller drawer.

Foley admitted to taking the $6,000 from her drawer as well as another $312,000 from the bank. A later review revealed that there was $322,000 missing, and several electronic transactions Foley made to conceal the theft.

Foley had circumvented bank procedure by taking over all counting and auditing procedures.

She was arrested in April 2012, after an investigation by the Mono County Sheriff’s Department, the Mono County District Attorney’s Office, and the Federal Bureau of Investigation.

Assistant United States Attorney Kyle Reardon is prosecuting the case.

She is scheduled to be sentenced by U. S. District Judge Kimberly J. Mueller on Jan. 29, 2014. In addition to the prison sentence, she also faces a $1 million fine and a five-year term of supervised release.

The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the federal sentencing guidelines, which take into account a number of variables.


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The Record Courier Updated Nov 7, 2013 05:25PM Published Nov 8, 2013 01:07PM Copyright 2013 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.