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Thursday, 1 August 2013

Wallington woman convicted of stealing $1.3M

NEWARK — A former New York City bank employee who stole more than $1.3 million from a 98-year-old former managing partner of Salomon Brothers has been sentenced to nearly five years in federal prison.

Karen Febles of Wallington was also ordered Tuesday to surrender $38,000 in cash she had put toward her bail and pay $1,154,911 overall in restitution. She also will have to serve three years of supervised release once she?s freed from prison.

The 48-year-old Febles was convicted in January of wire fraud, bank fraud, money laundering and tax evasion charges.

Febles worked as an executive assistant for Citibank, where she helped William Salomon with his personal and professional finances. During her trial, prosecutors said Febles used the money to fund a lavish lifestyle, which included luxury cars and vacations.


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