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Saturday, June 5, 2010

Former Pennsylvania Bank Official Pleads Guilty to Embezzlement and Making False Entries

Dennis C. Pfannenschmidt, United States Attorney for the Middle District of Pennsylvania, announced that Glenn J. Clark, age 37, of Scranton, Pennsylvania, pleaded guilty in federal court to embezzling approximately $30,000 and making numerous false entries into North Penn Bank's records that resulted in approximately $488,000 in losses to the bank. As a result of the guilty plea, Clark faces up to 60 years' imprisonment, $2 million in fines and full restitution for any losses caused by his conduct. No date has been set for sentencing.

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