ROCKLAND BANK MANAGER PLEADS GUILTY TO STEALING MORE THAN $700,000

New York, NY - The United States Attorney for the Southern District of New York, announced that MILAGROS RODRIGUEZ pleaded guilty yesterday in White Plains federal court to stealing hundreds of thousands of dollars from customer accounts at Hudson City Savings Bank. According to the Information to which RODRIGUEZ pleaded guilty, statements made during the plea proceeding, and other documents publicly filed in the case:

From approximately April 2002 through March 2009, RODRIGUEZ, who was employed as a teller and later as a branch manager with Sound Federal Savings and Loan Association ("SFSLA") in New City, New York, and then with Hudson City Savings Bank "HCSB") after HCSB acquired SFSLA, embezzled more than $700,000 from the accounts of customers at the bank.

RODRIGUEZ surrendered on April 8, 2009, and pleaded guilty yesterday, before United States District Judge CATHY SEIBEL, to one count of embezzling bank funds. RODRIGUEZ faces a maximum sentence of 30 years in prison; a fine of $1 million or twice the gross gain or loss from the offense; and mandatory restitution.

RODRIGUEZ, 40, resides in Garnerville, New York. Judge SEIBEL set sentencing for December 18, 2009, at2 p.m.

Mr. BHARARA praised the investigative work of the FBI and thanked the Rockland County District Attorney's Office.

This case is being prosecuted by the Office's White Plains Division. Assistant United States Attorney JOHN P. COLLINS, JR. is in charge of this prosecution.

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