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Sentencing set for former Little League president, bank officer

By Star-Advertiser staff

LAST UPDATED: 12:15 a.m. HST, Feb 25, 2014

A 43-year-old former president of Hilo Little League and Bank of Hawaii officer will be sentenced in April for embezzling more than $55,000 in league funds, plus money from two youth soccer teams, a pageant organization, and a car repair and alignment shop, the Hilo Tribune-Herald reported Monday.

According to a federal plea agreement, Cheryl L. Octavio, a former Bank of Hawaii business banking officer, "willfully stole, embezzled, and misapplied funds entrusted to Bank of Hawaii's custody and care," the newspaper reported.

Octavio, who is free on $25,000 bond, will be sentenced April 28 at 3 p.m. by U.S. District Judge Susan Oki Mollway. 

The plea agreement states that Octavio, who has no prior criminal record, could be sentenced to up to 30 years in prison, fined up to $1 million and receive up to five years of supervised release.

Federal prosecutors said that between about Dec. 17, 2009, and Nov. 7, 2012, Octavio stole at least $22,627.09 from Hilo Little League accounts, at least $13,969.43 from Big Island Futbol Club, dba Haaheo Soccer Club, accounts, at least $4,873 from Na Hoa O Puna soccer club's account, at least $4,491.38 from Lehua Hawaii Productions account, and $10,000 from East Hawaii Auto Center's account.

Octavio, who was indicted on Aug. 7, 2013, pleaded guilty on Nov. 21. She is to make restitution to the bank under terms of her deal.

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kekelaward wrote:
I'm surprised she's still walking around. You don't rip off little kids.
on February 24,2014 | 08:42AM
PCWarrior wrote:
That's my bank.
on February 24,2014 | 02:11PM
hanoz808 wrote:
OMG what is wrong with her! This is just sad. The kids and parents worked hard to fundraise, and the businesses earned their monies. Will BOH be pressing charges as well?
on February 24,2014 | 09:43AM
cojef wrote:
Money, money, all around you surely can corrupt ones integrity and honesty. Poor girl, temptation overwhelmed her.
on February 24,2014 | 10:45AM
hywnsytl wrote:
Its apalling that a shoplifter, car theif, burglar can go to jail but a white collar crook walks amoung us. To jail with the rest of the theives.
on February 24,2014 | 12:35PM
LMO wrote:
How come all the big bankers that caused our housing and financial collapse face absolutely no consequenses whatsoever, yet this small time thief may go to jail for 30 years? Where the equity in our justice system?
on February 25,2014 | 02:00AM
GAC wrote:
30 years wow. what about the other crooks who got off stealing money out of the school system on oahu. free on community service .
on February 25,2014 | 04:15AM
808comp wrote:
She deserves the max. Shame on her for stealing from the children.
on February 25,2014 | 06:37AM
LKK56 wrote:
She took $55,000 of which she is going to make restitution. She will never be able to get a job in the bank, or in finance again. The only job she probably can be trusted with in working in the fields or possible McDonald's - not near the cash register. She should get probation. I cannot see spending more than $55,000 incarcerating her - a total waste of public funds.
on February 25,2014 | 07:16AM
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