A former manager of First Hawaiian Bank branches on Oahu and the Big Island pleaded guilty Friday to a federal charge of embezzling more than $2.6 million, the U.S. Attorney’s office said.
Lani Ann Miho, 52. a bank employee for 29 years, was a branch manager and personal banking officer at First Hawaiian Bank branches on Oahu and the Big Island from 2000 to September 2010, U.S. Attorney Florence T. Nakakuni said in a statement.
During that time, Miho created about 56 accounts under different names, withdrawing money and using proceeds from recently opened accounts to pay balances due on earlier accounts, and using her position at the bank to keep track of the accounts and pay them before they became delinquent, then converting the funds to her personal use, Nakakuni said.
Miho repaid to the bank a little more than $2 million of the more than $2.68 million she had obtained from the fake accounts, plus fees and interest, which means the bank took a loss of about $609,450.
Miho faces a maximum sentence of up to 30 years in prison and a fine of up to $1 million when she is sentenced on June 4 by U.S. District Judge J. Michael Seabright.