Orlando, Florida – U.S. District Judge Charlene Edwards Honeywell today sentenced Gabriel N. Nervig (39, Millville, Utah) to 18 months in federal prison for bank fraud.
The court also ordered Nervig to pay restitution to SunTrust in the amount of $155,000 and to serve a four-year term of supervised release, following his release from prison.
Nervig pleaded guilty on August 29, 2013, for his role in the thefts that spanned from January 2006 to January 2013.
According to court documents, Nervig used his position as an Assistant Branch Manager at SunTrust Bank to steal over $274,000 in cash.
To conceal his thefts, Nervig prepared General Ledger Debit tickets to correspond with each theft of cash from the bank. On those tickets, Nervig falsely represented that the cash was being used for legitimate SunTrust business purposes.
Nervig made it appear that the General Ledger Debit tickets had been prepared by other employees and that they had been approved by him as the Assistant Branch Manager when, in fact, he had prepared the tickets himself.
Over a seven-year period, Nervig was successful in stealing over $274,000 from SunTrust Bank. His scheme was detected in January 2013 when SunTrust auditors found that a large sum of money was missing.
After that discovery, Nervig agreed to sign over his bank account and 401(k) account to SunTrust, in order to repay a portion of the amount that he stole. On the date of his sentencing, Nervig made an additional payment towards his restitution.
With the payments made, Nervig has paid over $119,000 to SunTrust towards his restitution, leaving a balance of $155,000.
This case was investigated by United States Secret Service. It was prosecuted by Assistant United States Attorney Roger B. Handberg.
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Key Facts
- State: Florida
- Category: White Collar Crime|Fraud & Financial Crimes|Crime
- Source: DOJ Press Release ↗
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