Lubbock bank manager admits she participated in embezzlement scheme

News

LUBBOCK, Texas — Sara Ruth Briones accepted a plea deal in federal court for misprision of a felony. Misprision is another word for concealing.

Court records filed on Monday in Lubbock said Briones was a bank manager for Lubbock National Bank.

Updated Story Link: Former Lubbock bank employee could serve 30 years in prison for embezzlement scheme

Briones admitted that in June, 2018 she was contacted by her sister-in-law Patricia Sanchez Tovar who was an employee of Wells Fargo. Briones admitted that Tovar offered her $3,000 to open an account.

Briones admits that she opened the account in violation of bank policy. Briones admits that Tovar drafted a check for $58,921.75 which ultimately came from a dead person’s bank account at Wells Fargo.

The money was placed under the name of a living person in Dickens.

“Tovar gave the check to Briones to further her embezzlement scheme,” court records said. “Briones directed a subordinate employee to open the account because she knew that opening the account was wrong and Tovar’s conduct was illegal.”

Lubbock National Bank sent a letter to the person in Dickens who immediately contacted LNB and wanted the bank account froze.

Court records said Tovar contacted the person in Dickens and offered $40,000 to release the money. It didn’t work.

The plea deal is still subject to court approval. If approved, Briones will be sentenced at a later date to no more than three years in federal prison. As of Monday, a criminal case against Tovar was still pending.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Local News

More Local News

News Highlights

More News Highlights

Don't Miss

Event Calendar