April 19, 2010 - ROCHESTER, NY—United States Attorney William J. Hochul, Jr. announced today that KIMBERLY BORROR, 27, of Milan, PA, pleaded guilty before U.S. Magistrate Judge Jonathan W. Feldman to a felony information charging her with bank fraud. Bank fraud carries a maximum penalty of 30 years in prison and a maximum fine of $1,000,000.
Assistant U.S. Attorney Craig R. Gestring, who handled the case, stated that the defendant participated in a scheme to defraud Bank of America, by making unauthorized withdrawals from a New York State Unemployment Assistance Fund account. The defendant was provided with account number and routing code information by a co-defendant which she would then use to open and fund online trading accounts with E*Trade. She would receive a debit card for each account, and then withdraw all the money. The defendant obtained approximately $30,000 in this manner, which she used for personal purchases.
U.S. Attorney Hochul stated that “particularly in these times when some banks have failed it is imperative that we vigorously enforce the law against those who would defraud our financial institutions.”
The plea was the culmination of an investigation on the part of special agents of the Federal Bureau of Investigation, under the direction of Special Agent in Charge James H. Robertson, and special agents of the United States Department of Labor - Office of Inspector General, under the direction of Special Agent in Charge Marjorie Franzman.
Sentencing is scheduled in Rochester, NY, in front of U.S. District Judge David G. Larimer.
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