Stealing Citi secretary gets 4 years

Oliver Twist

A former Citigroup employee was sentenced to more than four years in prison for stealing $1.3m from a 98-year-old former managing partner at investment bank Salomon Brothers.

Reuters News report that U.S. District Judge William Martini on Tuesday handed the sentence to Karen Febles, 48, an executive assistant at Citibank assigned to work for William Salomon from 2000 to 2011. Investment bank Salomon Brothers was absorbed by Citigroup as part of a 1997 merger.

The judge also ordered Febles to pay more than $1.1m in restitution. Febles' attorney did not return a call for comment. Neither did Salomon's lawyer. A spokesman for the Department of Justice declined to comment. Citibank also declined comment.

On dozens of occasions between 2005 and 2011, Febles altered the amounts on checks signed by Salomon and pocketed the difference, federal prosecutors said.

Febles spent the money on luxury cars and cruises, among other purchases, and maintained bank accounts for her young son, the prosecutors said.

To access the full Reuters article hit the link below.

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