A Toledo woman was indicted after embezzling more than $42,000, said Acting U.S. Attorney David A. Sierleja.
Martina Monaco, 28, worked at Fifth Third Bank. She embezzled $42,393 from a bank customer’s account, which she used to pay her landlord, buy investment certificates of deposit that she quickly cashed out, and engaged in other fraudulent bank activity, according to the indictment.
If convicted, the defendant’s sentence will be determined by the court after reviewing factors unique to this case, including the defendants’ prior criminal record, the defendant's role in the offense and the characteristics of the violation. In all cases the sentence will not exceed the statutory maximum and in most cases it will be less than the maximum.
This case was investigating by U.S. Secret Service. It is being prosecuted by Assistant U.S. Attorneys Tracey Tangeman.
An indictment is only a charge and is not evidence of guilt. Defendants are entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt.
Source: U.S. Department of Justice, Office of the United States Attorneys
