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Former Bank Employee Admits Embezzlement

The U.S. Attorney for the Southern District of Ohio announced recently that Carmen D. Torres-Colston, age 38, of Columbus pled guilty in United States District Court to embezzling $1,129,250.17 from her employer. According to a statement of facts filed with her plea, Torres-Colson managed the Great Southern branch of U.S. Bank between February 13, 1998 and March 17, 2003. During that period, she opened 34 installment loans, four lines of credit and two credit cards by falsifying application documents and using her own name and the identities of nine people, including family members, who weren’t aware of her actions. In order to obtain the majority of these loans, Torres-Colston listed collateral that did not exist, inflated income amounts, forged signatures, and listed her own prior employment on some loans to herself to disguise the fact that she was, at that time, an employee of U.S. Bank. See the full release here.

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