Manglona pleads guilty to bank fraud
by Mindy Aguon
Guam - A man accused of cashing in on a bogus check for $247,000 pleaded guilty to bank fraud. Cris Manglona received a forged check in the mail drawn on a Wachovia bank account. Manglona claimed the check was for an AFLAC insurance reimbursement for a death in the family but he never had any business dealings with AFLAC and was not entitled to the money.
He admitted to depositing the check into his Pentagon Federal Credit Union account and then authorizing more than 90 transactions totaling $202,090.59. He was released pending his sentencing, which is scheduled for February 8, 2012. Manglona faces a maximum sentence of 30 years behind bars and a fine of no more than a million dollars.