CENTRAL BANK EMPLOYEE INDICTED FOR EMBEZZLING $66,000

LOUISVILLE, KY - A federal grand jury in Louisville returned an indictment against Sheri J. Fox, age 53, of Fairdale, Kentucky, in Jefferson County, on charges of embezzlement, U.S. Attorney David L. Huber of the Western District of Kentucky announced today.

The Indictment alleges that between April 1, 2006 and September 18, 2006, while employed by Central Bank, Fox embezzled $66,000 in monies from accounts maintained by the bank on behalf of its customers. Central Bank, located in Jefferson County, Kentucky, is a depository insured by the Federal Deposit Insurance Corporation, which makes the embezzlement a federal crime.

In the event of a conviction, the maximum potential penalties are 30 years imprisonment, a $1,000,000 fine, and supervised release for a period of 3 years.

The case is being prosecuted by Assistant United States Attorney Ann Claire Phillips, and it was investigated by the Federal Bureau of Investigation.

Fox is scheduled to appear for arraignment before the United States Magistrate Judge on October 16, 2007 at 9:30 a.m., in Louisville, Kentucky.

* * *