Cameron Park, California Man Admits Embezzling $660,000 from a Federally Insured Bank

Ethan George Banaszak, 35, of Cameron Park pleaded guilty on Friday to one count of bank embezzlement, United States Attorney Benjamin B. Wagner announced.According to court documents, Banaszak embezzled thousands of dollars from his employer, a federally insured bank. According to court records, Banaszak made more than $660,000 in unauthorized withdrawals from bank customers’ accounts and took $16,000 cash from the bank’s vault.
This case is the product of an investigation by the Federal Bureau of Investigation. Assistant United States Attorney Lee S. Bickley is prosecuting the case.
Banaszak is scheduled to be sentenced by United States District Garland E. Burrell on January 24, 2014. Banaszak faces a maximum statutory penalty of 30 years in prison and a $1 million fine. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable