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Office of the District Attorney P. David Soares Bank VP Arraigned on Charges of Stealing from Several Community Charities ALBANY , NY – Albany County District Attorney P. David Soares announced today the arraignment of SHERLORD TYRONE FERGUSON, 36, of Clifton Park, NY. FERGUSON was arraigned on (1) count of Grand Larceny in the 3rd Degree and (5) counts of Falsifying Business Records in the 1st Degree in front of the Honorable Thomas Breslin. FERGUSON faces up to 7 years in prison for the “D” Felony. “Mr. Ferguson was a trusted member of our community who chose to abuse his position of authority to further his personal ambitions at the expense of the citizens of Albany County. While he affords the presumption of innocence, I hope that Mr. Ferguson understands the full impact of the crimes of which he is accused,” 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. FERGUSON was released to probation and is expected back in court on May 9, 2007 for a scheduled conference. ADA Sean Childs from the Financial Crimes Unit handled the indictment of this case. # # # For further information contact: Heather Streeter Orth
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