A 34-year-old Cameron Park man was arraigned today in federal court in Sacramento on charges of bank embezzlement.
Ethan George Banaszak pleaded not guilty to the charges and was released on $75,000 bond, according to a federal Department of Justice news release. He is to appear before U.S. District Judge Garland E. Burrell Jr. for a status conference May 17.
A federal grand jury returned an eight-count indictment Thursday charging Banaszak with embezzling thousands of dollars from his employer, a federally insured bank. According to court records, Banaszak allegedly made more than $660,000 in unauthorized withdrawals from bank customers' accounts and took $16,000 in cash from the bank's vault.
The case resulted from an investigation by the Federal Bureau of Investigation.