Former Texas Bank Executive Will Head To Prison

Kelli Wiese
March 15, 2019 - 5:14 pm
Prison Cell
Categories: 

BROWNVILLE, TX (KRLD 1080)- Prosecutors say 69-year-old Maria Caballero was a vice-president at Texas Community Bank in Brownsville.

She pleaded guilty to a $1.5 million dollar embezzlement scheme. Investigators say the theft took place over about seven years from about November 2010 to July 2017.

They say Caballero withdrew funds from two customer accounts without authorization. From one account, she ordered and obtained blank checks on which she then proceeded to forge the customer’s signature, fill out amounts and deposit the checks into a Wells Fargo account under the names of two of her relatives.

Investigators found 24 checks Caballero forged in this manner. They say Caballero ordered and signed two cashier’s checks which she then deposited into her relatives’ account at a Wells Fargo Bank. The total amount she embezzled from the two accounts was proved to be $1,516,391.57.

Her sentencing is scheduled for June 12, 2019. At that time, Caballero faces up to 30 years in of imprisonment as well as a $1 million fine.

The identity theft also carries a mandatory 24 months which must be served consecutively to any other term imposed.

The government will try to obtain restitution on behalf of the two bank customers to recover the embezzled amount.