Teller Jailed For Stealing ‘C-Note Sandwiches’

CINCINNATI – The one-time head teller at Cinco CU was sentenced to two-and-a-half years in prison this morning for making off with some $610,000 in bundles of $100 bills over a nine-year period.

Processing Content

Prosecutors called the cash bundles stolen by sixty-one-year-old Linda Fite “c-note sandwiches” because she stole $100 bills from the middle of the bundles and replaced them in the cash vault with $1 bills. But she left $100 bills on the top and bottom, making it look like all of the bills in the bundles were $100s.

“It was a systematic looting of the cash vault,” said Assistant Hamilton County Prosecutor Bill Anderson during sentencing this morning. “It was like the fox guarding the hen house.”

Anderson told the judge Fite deserved prison because her theft over nine years amounted to about $65,000 per year in additional income.

Fite, whose theft was uncovered by an audit at the credit union, said she doesn’t know what happened to the stolen money. “I don’t have it,” she told the judge. “I do not have any of the money. I cannot fathom that I ever had that much money.”


For reprint and licensing requests for this article, click here.
Fraud
MORE FROM AMERICAN BANKER
Load More