Federal prosecutors have filed charges against four former Washington Federal Bank for Savings employees for an alleged multiyear, $29 million embezzlement scheme that preceded the Bridgeport bank’s sudden 2017 failure.



a sign on the side of a building: The former Washington Federal Bank for Savings bears the name of a new owner, Royal Savings Bank.


© Terrence Antonio James / Chicago Tribune/Chicago Tribune/TNS
The former Washington Federal Bank for Savings bears the name of a new owner, Royal Savings Bank.

The indictment, filed Thursday in Chicago federal court, charges Rosallie Corvite, 45, of Chicago, the bank’s chief financial officer; Jane Iriondo, 39, of Boise, Idaho, its corporate secretary; Alicia Mandujano, 49, of Chicago, a loan servicer; and Cathy Torres, 39, of Chicago, a loan officer, with conspiracy to commit embezzlement and falsify bank records.

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The indictment alleges the four conspired with Robert Kowalski, 58, of Chicago, an attorney and former bank customer, who was indicted last year on bankruptcy fraud charges as part of an ongoing criminal investigation into the bank’s collapse.

Kowalski

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