Rexburg Man Accused Of Embezzling From Wells Fargo
A Rexburg man was indicted by a federal grand jury in Pocatello for financial institution fraud, U.S. Attorney Wendy J. Olson announced Wednesday.
According to the U.S. Attorney?s Office, Carlos E. Juarez, 26, a former Wells Fargo Bank employee, Juarez is accused of embezzling money from Wells Fargo Bank, valued at about $11,100, by arranging unauthorized loans from customers’ accounts. He was indicted Tuesday.
The charge is punishable by up to 30 years in prison, a maximum fine of $1 million, and up to three years of supervised release.
The case was investigated by the United States Secret Service and Wells Fargo Bank.
A jury trial is set for May 14 before Chief U.S. District Judge B. Lynn Winmill at the federal courthouse in Pocatello.
