POSTED: 8:08 a.m. HST, Feb 24, 2014
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.