Written by The Business Journal Staff
The Office of the U.S. Attorney for the Eastern District of California released a press statement regarding the imprisonment of a former Bank of America employee in Fresno who was convicted for embezzlement from a financial institution.
Sylvia Ocho, 35, of Selma, was sentenced to 18 months in prison for stealing at least $165,850 from Bank of America’s Fresno Branch on East Tulare Street between the months of March and October 2013.
As branch manager, Ochoa would prevent other bank employees from counting the cash in the bank’s vault and would enter the vault after the bank was closed and remove cash to spend on personal expenses.
She also made fraudulent counter credits and transfers to accounts she had control over, including to accounts she opened in the name of her boyfriend, Shanne Leavell, who is 10 years younger than Ochoa.
Ochoa transferred at least $69,000 into Leavell’s accounts and paid $24,000 in cash for a truck. She also used the stolen cash for casino gambling and expensive designer handbags.
The FBI and the Fresno Police Department worked together for the investigation.