Cameron Park man facing bank embezzlement charges

By: Penne Usher, Telegraph Correspondent
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A Cameron Park man has been indicted by a federal grand jury for suspicion of embezzling from his employer.

Ethan George Banaszak, 34, was arraigned last week on charges of bank embezzlement, according to US Attorney Benjamin B. Wagner.

Banaszak pleaded not guilty to the charges and has since been released on a $75,000 bond.

On Thursday, April 25, 2013, a federal grand jury returned an eight-count indictment charging Banaszak with embezzling thousands of dollars from his employer, a federally insured bank.

According to court records, Banaszak made more than $660,000 in unauthorized withdrawals from bank customers’ accounts and took $16,000 cash from the unnamed bank’s vault.

This case is the product of an investigation by the Federal Bureau of Investigation. Assistant United States Attorney Lee S. Bickley is prosecuting the case.

Attempts to contact Banaszak were unsuccessful.

Tyler Berdan, an area resident, said he’s surprised the suspect was able to get away with any money from the bank.

“That’s pretty crazy to steal from your employer, but a bank?” he said. “That’s pretty (gutsy) and to think you actually get away with it is nuts.”

If convicted, Banaszak faces a maximum statutory penalty of 30 years in prison and a $1 million fine. Any sentence, however, would be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.

He is scheduled to appear before U.S. District Judge Garland E. Burrell Jr. for a status conference on May 17, 2013.