Prison for former 1st Fidelity employee.

September 30, 1992, 1:00 a.m. EDT 1 Min Read

NEWARK, N.J. - A former First Fidelity Bancorp employee was sentenced to seven years in prison after admitting his role in a scheme to defraud the bank of $2.5 million.

Carlyle Wong pleaded guilty in April to using electronic money transfers from 1988 to 1992 to divert bank funds.

Former Prudential Securities employee Derrick Davis also pleaded guilty to conspiracy; he received two years in prison.

Last week, two other participants in the scheme, Johnita Johnson and Dennis Singh, pleaded guilty to federal fraud charges.

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