Former Branch Manager Guilty OfEmbezzlement

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SAN ANTONIO, Texas - (04/20/06) – A former branch manager at Bankof America and San Antonio City Employees FCU pleaded guiltyWednesday to stealing as much as $2 million from the twoinstitutions. Elda Ruffino, 59, faces a maximum of 30 years inprison when U.S. District Judge Xavier Rodriguez sentences herlater this year. According to her plea deal she befriendedcustomers and persuaded them to invest in certificates of deposit,misapplied and embezzled many of the funds, and worked to cover hertracks.

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