Prosecutors mum on bank fraud

Alleged beneficiaries not named in Cabano case

Advertisement

— A spokesman for the U.S. Attorney's Office in Denver said he could not confirm or deny there are other investigations related to the indictment of former Craig resident Patricia Cabano.

Cabano is charged in U.S. District Court with 31 counts of felony bank fraud.

Each count carries a possible sentence of as many as 30 years in prison and as much as a $1 million fine.

According to the indictment, Cabano made 31 fraudulent bank transfers from 18 different accounts while working at the Bank of Colorado in Craig from 1998 to 2002.

The document alleges Cabano's actions resulted in a $567,000 loss to the bank by the time her actions were discovered.

The indictment lists the transfers authorities suspect were thefts, which ranged from $1,000 to $94,000 each.

In all cases, the defrauded accounts usually held large sums of cash, and included the city of Craig, Moffat County Treasurer, Craig Medical Center and Colorado Northwestern Community College.

However, the indictment states Cabano not only deposited stolen funds into her account, but also the accounts of a local business, several Cabano family members and another family living in Craig.

On Wednesday, Jeff Dorschner, spokesman for the U.S. Attorney's Office that filed the indictment, said he could not comment whether his office is investigating others who might have benefited from Cabano's alleged crimes.

He also said Cabano's case took so long to come before the court because of its inherent complexities and the vast amount of facts that had to be sifted through before filing the indictment.

"The indictment came within the statute of limitations in this case, and that's all I can say," Dorschner said.

Cabano currently lives in West Sacramento, Calif. Her next court appearance is set for July 24, and she is scheduled to start an eight-day jury trial Aug. 3 in Denver.

Comments

Use the comment form below to begin a discussion about this content.

Requires free registration

Posting comments requires a free account and verification.