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Office of the District Attorney P. David Soares Sherlord Ferguson Pleads Guilty to Stealing from Charities ALBANY , NY – Albany County District Attorney P. David Soares announced today that SHERLORD TYRONE FERGUSON, 36, of Clifton Park, NY plead guilty to (1) count of Grand larceny in the 4 th Degree in front of the Honorable Thomas Breslin. In the terms of the plea bargain, FERGUSON faces six months in jail, five years of post release supervision and restitution of $29,000. “I am pleased that Mr. Ferguson has admitted his crimes and will work to repay all the funds he stole from Citizens Bank and our local charities. I hope that by seeing the impact of financial crimes on our community, people will think twice before engaging in these illegal actions. Sooner or later you will be caught,” stated DA Soares. The indictment alleges that between August 1, 2005 and December 26, 2006 during business hours at Citizen’s Bank located at 10 North Pearl Street in the City of Albany, FERGUSON, Vice President of Community Relations for Citizen’s Bank, embezzled $29,146 the Bank designated for donations to local businesses and deposited the funds into his own account for personal use. The indictment further alleges that on several occasions, FERGUSON made deposits into his personal bank account after committing the funds to charitable donations or businesses in the Capital Region. On August 30, 2005, FERGUSON, with intent to defraud Citizen’s Bank, made false entries consisting of making two gift card purchases in the amount of $100.00 each, then depositing the $200.00 purchases into his own personal checking account. On December 5, 2005, FERGUSON, with intent to defraud Citizen’s Bank, made false entries consisting of purchasing a $5,000.00 donation check made payable to Neighborhood Housing Authority then depositing the $5,000.00 into his own personal checking account. On December 22, 2005, FERGUSON, with intent to defraud Citizen’s Bank, make false entries consisting of purchasing a $4,000.00 donation check made payable to HAP Inc. then depositing the $4,000.00 into his own personal checking account. On January 11, 2006, FERGUSON, with intent to defraud Citizen’s Bank, make false entries consisting of making four gift card purchases in the amount of $503.50 each then depositing the $2,014.00 of purchases into his own personal checking account. On May 22, 2006, FERGUSON, with intent to defraud Citizen’s Bank, make false entries consisting of purchasing a $660.00 bank check made payable to Home Comings then depositing the $660.00 into his own personal checking account. Sentencing for FERGUSON is scheduled for July 20, 2007. ADA Sean Childs from the Financial Crimes Unit handled the prosecution of this case. # # # For further information contact: Heather Streeter Orth
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