NEW ORLEANS—Karen Sork, age 50, a
resident of New Orleans, Louisiana, pleaded guilty as charged today in front of
United States District Judge Susie Morgan to a bill of information charging her
with bank theft relating to her unauthorized embezzlement of funds from her
employer, announced United States Attorney Jim Letten.
According to court documents, Sork was
employed at a Whitney Bank branch in Metairie, Louisiana, from December 2008 to
August 2009 as a banking officer and manager. In that capacity, Sork had the
combination to, and was able to access, the branch’s vault. She also had a
“cash drawer” for times when she had to act as a teller. Between February 2009
and August 2009, Sork would regularly take cash from her cash drawer without
authorization and use it for personal expenses. After taking cash from the cash
drawer, Sork engaged in a process called “forced balancing,” whereby she
misstated the amount of money remaining in her drawer on the balance sheet that
she had to complete at the end of each shift. Sork deposited the money she
stole into one of two Whitney Bank personal checking accounts under her
control. In total, Sork stole approximately $56,299.29.
Sentencing has been scheduled on October
10, 2012, at 2:00 p.m. Sork faces a maximum term of imprisonment of 10 years, a
$250,0000 fine, restitution, and three years of supervised release following
any term of imprisonment.
The case was investigated by the Federal
Bureau of Investigation. The case is being prosecuted by Assistant United
States Attorney Jordan Ginsberg.
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