BANK EMPLOYEE SENTENCED IN EMBEZZLEMENT CASE

ROCHESTER, N.Y.-- Cheryl A. Bolton, 45, of Elmira, New York, who was convicted of embezzlement by a bank employee on July 19, 2007, was sentenced to time served and ordered to pay a fine of $500 by U.S. District Judge Charles J. Siragusa, U.S. Attorney Terrance

P. Flynn of the Western District of New York announced today.

Assistant U.S. Attorney Tiffany H. Lee, who handled the case, stated that the defendant, from June 2002 through April 2006, while working as an employee of Elmira Savings Bank, made unauthorized withdrawals from the Ernie Davis Band Orchestra Boosters account, which account was in the care and custody of Elmira Savings Bank, and transferred the money to her personal accounts at Elmira Savings Bank through approximately 40 transactions using internal bank debit forms totaling approximately $15,788.50. The defendant was already repaying money to the Ernie Davis account when the transactions were detected by the bank. She had made full restitution of the $15,788.50 prior to entering her guilty plea.

The plea was the culmination of an investigation on the part of Special Agents of the Federal Bureau of Investigation, under the direction of Laurie J. Bennett.