Francisco 'Frank' Fernandez, 43, was arrested this morning on a federal criminal complaint alleging theft, embezzlement and/or misapplication by a bank officer.According to a Department of Justice press release, Fernandez was arrested today without incident by agents of the U.S. Secret Service. Fernandez made his initial appearance before U.S. Magistrate Judge Carl Horn today and was ordered detained in federal custody pending a detention hearing.
According to official court documents, it is alleged that from July 2007 through December 2007, Fernandez while employed as an officer of Bank of America, embezzled the sum of approximately $457,384.79.
Fernandez allegedly gave one of Bank of America’s customers, Key Bank, his own personal Bank of America checking account number for Key Bank to wire payments into instead of the correct Bank of America account number to which these payments should have been wired.
If convicted on the charge in the complaint, Fernandez faces a maximum statutory penalty of 30 years in prison and a $1 million fine.
More Info: DOJ Press Release & Federal Criminal Complaint