A spokeswoman for the United States Attorney’s Office in Sacramento said that a Bridgeport woman is free on a $50,000 bond after a federal grand jury returned an indictment charging her with theft and embezzlement.
While employed as a branch manager at Eastern Sierra Community Bank, prosecutors say Roxana Foley was guilty of embezzling hundreds of thousands of dollars between October 2011 and March 20, 2012. The scheme was noticed In March 2012 when Bank Administrators for Oak Valley Community Bank performed a surprise audit in an attempt to account for a large discrepancy in the branch’s general ledger.
After extensive accounting was done along with further investigation, it was discovered that Foley had allegedly embezzled approximately $320,000. If convicted on embezzlement charges, Foley faces a maximum statutory sentence of 30 years in prison, a $1 million fine, and a five year term of supervised release. Any sentence 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.
She is scheduled to appear in court on May 29,2013 for a status conference and it is not known if Foley had retained an attorney. The case is the product of an investigation by the Federal Bureau of Investigation and the Mono County Sherriff’s Department. The prosecuting attorney is Assistant United States Attorney Kyle Reardon.
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