Ex-Bank Executive Pleads Guilty To Mail Fraud

BALTIMORE (AP) — Federal prosecutors say a former executive with M&T Bank has pleaded guilty in a plot to steal more than $223,000 from her employer and the Export-Import Bank of the United States.

Rosamaria Somarriba, 67, of Baltimore entered the plea Tuesday. She will be sentenced May 31.

According to her plea agreement, Somarriba had worked at M&T since 1985 and was terminated for reasons unrelated to the case.

Prosecutors say Somarriba made unauthorized transfers of accumulated funds in an unnamed company’s account. The Export-Import Bank paid on the company’s guaranteed, defaulted loan.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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