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Thursday, November 28, 2013

Former bank supervisor arrested on suspicion of embezzlement in California

A former Wells Fargo Bank supervisor in Visalia was arrested Saturday after police investigators completed a year-long investigation regarding possible embezzlement at the bank.

Kathleen Welte, 54, who worked at the West Main Street Wells Fargo, was arrested on suspicion of embezzling close to $400,000 over a period of at least two years, Sgt. Ozzie Dominguez said.

Wells Fargo officials requested an investigation in October 2012. Welte’s employment at the bank ended at roughly the same time the investigation began, Dominguez said.

After about a year of investigating, detectives filed the case with the District Attorney’s Office last week, and a warrant was issued for her arrest.

Welte was arrested Saturday and booked at the Bob Wiley Detention Center, but has since posted $50,000 in bail.

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