A former bank executive indicted for embezzling more than $92,000 — then landing another $25,000 in severance pay before her bosses caught on to the theft — will remain in federal custody until authorities decide whether to release her on bond.
At a 26-minute detention hearing Monday in U.S. District Court in Denver, Candice White was told she could be released on $25,000 bond Thursday if her Centennial home can pass inspection allowing her to be tethered to a GPS device rather than jailed.
White is accused of swiping the money from a number of business accounts at Front Range Bank, where she worked from 2007 to 2011, then trying to hide the thefts by moving money around from other bank clients’ accounts.
White, 42, was the bank’s senior vice president at its Centennial branch until April 2011, when she negotiated a $25,000 severance package. The bank sued her in Arapahoe County District Court over the thefts but has not collected.
She faces 30 years in federal prison if convicted on the 37 counts against her.
