NASSAU- A former banker accused of participating in a loan scheme that defrauded the Royal Bank of Canada out hundreds of thousands of dollars has been freed on bail.
Erma Mitchell, 67, was freed on $9,900 bail shortly after she faced 88 counts accusing her of defrauding the bank out of $368,900 from April 2008 to December 2009.
Prosecutors allege that Mitchell, who worked as a personal finance services officer at the bank’s JFK branch, carried out the scheme by doctoring loan applications and submitting forged supporting documents.
She denied charges of falsification of accounts, forgery, uttering forged documents and fraud by false pretenses at her arraignment before Magistrate Ambrose Armbrister on Monday.
Mitchell’s trial is set for May 25. She is represented by Jairam Mangra.
