Ex-Laredo Banker Pleads Guilty To Embezzlement

By: Associated Press Email
By: Associated Press Email

A former bank manager in South Texas faces up to 30 years in prison for stealing from a customer who never visited the branch.

Prosecutors say 50-year-old Patricia Garcia Munoz of Laredo pleaded guilty Friday to embezzlement and misapplication of funds. No sentencing date has been set for Munoz, who remains free on bond.

Munoz worked at a BBVA Compass Bank in Laredo when she stole nearly $102,000 from certain accounts between April 2009 and June 2010. Munoz says she targeted that customer because he never stopped by the bank and she thought he would not notice the theft.

Munoz, as part of the plea agreement, must repay the money. She also could be fined up to $1 million.

She no longer works for the bank.

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