Saturday 1 October 2016

Ex-bank manager jailed for embezzling millions

Published 17/05/2016 | 20:36

Amy Scarpelli stole five million US dollars from the US Bank branch in Ohio where she was manager
Amy Scarpelli stole five million US dollars from the US Bank branch in Ohio where she was manager

A former bank manager who admitted embezzling more than 5 million US dollars (£3.5 million) that prosecutors said she spent on gambling, sports cars and motorcycles has been jailed for five-and-a-half years.

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Amy Scarpelli, who last year pleaded guilty to embezzling the sum over a four-year period, was also ordered by the judge at the US District Court in Dayton, Ohio, to pay restitution of 5.2 million US dollars (£3.6 million).

Scarpelli, 48, the former manager of a US Bank branch in Miamisburg, Ohio, told the judge before sentencing that she has taken responsibility for her actions, defence lawyer Dennis Gump said.

The defence maintained she had a gambling addiction and sought a sentence of no more than four years. Prosecutors had asked for nearly six years.

Mr Gump said they were disappointed in the sentence.

"We thought it should be lower because we mentioned other cases that were similar that involved more money that got less time," he said.

The judge relied more on an evaluation that put too much emphasis on the assets Scarpelli acquired and less on her gambling addiction, he added.

He said there had been no decision on whether to appeal against the sentence.

Scarpelli embezzled the money using a Miamisburg company's line of credit account even after the company closed the account, according to court records.

She would issue cashier's cheques of less than 50,000 US dollars (£34,500) drawn on loans, lines of credit and other transactions and convert that to cash that she would pocket.

Authorities said Scarpelli used the money to gamble, maintain several bank accounts and buy items including four cars, six motorcycles, three boats and property.

As part of the plea agreement, Scarpelli agreed to turn over the items and more than 40,000 US dollars (£27,600) in cash.

Press Association

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