Germantown Woman Pleads Guilty To Bank Fraud

GREENBELT, Md. (AP) — Federal authorities say a 46-year-old Maryland woman has admitted to defrauding her employer of more than $1 million.

The U.S. Attorney's Office for the District of Maryland said in a statement that Sobeida Maria Laboy of Germantown pleaded guilty Wednesday to bank fraud.

Laboy worked in the Chevy Chase branch office of a financial institution. She admitted in a plea agreement that from December 2007 through June 2014 she created fraudulent invoices and submitted them to her employer for payment.

The statement says she requested the checks be sent to her office, then forged the signature of another employee in the "approval" section of the form and deposited them into her person bank accounts.

She faces a maximum sentence of 30 years in prison when sentenced March 15.

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