Former bank manager avoids prison for stealing $200,000


 Name: Siriphanthong Siri
 Charge: SCHEME TO DEFRAUD-OBTAIN PROPERTY OVER $50,000/li>
 Residence: Gainesville
 Age: 31
 Occupation: Banker
 Case #: None yet available

CCSO


  • Name: Siriphanthong Siri
  • Charge: SCHEME TO DEFRAUD-OBTAIN PROPERTY OVER $50,000/li>
  • Residence: Gainesville
  • Age: 31
  • Occupation: Banker
  • Case #: None yet available

A former Naples bank manager who stole more than $200,000 avoided jail time.

Collier Circuit Judge Frank Baker sentenced Siri Siriphanthong, 33, to three years of probation and two years house arrest as a condition of probation. She avoided the stiffest punishment, 30 years in state prison, by repaying almost $160,000.

“Looking back now, that embarrassment is nothing compared to the shame of compromising my values, integrity and ethics,” Siriphanthong wrote in a speech to Baker, which she didn’t read in court. “I had never been arrested. I never abused drugs. I never misappropriated funds. I went from prodigy child to completely disappointing my parents.”

While working at Bank of America on U.S. 41 North, Siriphanthong took out $212,459.74 in credit lines using five wealthy customers’ names. She later changed two of the customers names and provided fake addresses for them so mail would go to her.

Since her arrest, she began paying restitution by working three jobs. The $52,995.80 remaining is expected to be repaid at a rate of $1,000 per month.

If Siriphanthong, who now lives in Lee County, repays the debt sooner, her probation sentence could be reduced.

Sirphanthong said she acted out of anxiety, panic, and fear of not being able to provide for her growing family; before her arrest on May 13, 2009, she had given birth to a son. She and her husband, who was unemployed, already had three other children to provide for and the bills were mounting. Agoston said she took the money as an investment, fully intending to repay it before anyone noticed. He wouldn’t disclose what the investment was.

Last September, she changed her plea from not guilty to no contest and was offered a plea by Assistant State Attorney Jim Molenaar for 15 years in prison and 15 years’ probation.

“The judge recognized her ability and desire to pay the restitution,” James Chandler, one of Siriphanthong’s attorneys, said about Friday’s sentence. “She earned the money back and has a history of paying more than expected.”

© 2012 Naples Daily News. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Comments » 34

HAP writes:

How in the world did this con job get three jobs? So I guess it doesn't matter if you stole other people's money. Hey Judge, she'll be back thanks to your slap on the wrist.

FloridaVoter writes:

And the pitiful guy who filled his coke in East Naples without paying for it got charged with a felony.
Just shows that big crime pays better than little.

alexia6ciula writes:

I think it was a smart move by the judge . In jail she will do good to anyone and it will be more an expense for the government. I believe that making her working to repay what she took is a big punishment and more productive to our society.
Its a win win situation, for the Bank, the criminal and the taxpayers. I am sure she learned the lesson

dmarko326 writes:

Siriphanthong Siri
WTF?

Patton writes:

That was a fair sentence. How many people even make an effort to repay it? BOA sucks anyway.

jacktanner writes:

Restitution to victims is the most effective punishment, not government fines and jails.

Writing words on paper and calling it “law”. rarely prevents anything, but provides arbitrary guidelines for punishment after the fact.
In the free society, the existence of a market-based justice system ensures that punishment for violations of rights is based on restitution sought by the victim.

KR writes:

Another liberal judge gives a slap on the wrist! 30 years in jail would assure she never did it again!

monkey14 writes:

So really, she got a 0% interest loan for a quarter million dollars. Even if she pays $100 a month in cost of supervision fees, she is still only paying .05%. Not a bad deal.

profiler writes:

The gestapo government has people in jail for two ounces of marijuana. The bigger the crook the better the payoff. When you see anyone facing jail for marijuana..FIJA.org. Start fighting back against this nazi gestapo government. The judges lie. The attorneys lie. The state gestapo agents lie. WHY should we do any different?

drolds writes:

AAhhhh... Bank of America. She (borrowed) more than $200,000 and only has to pay back almost $160.000. Sounds like a good deal to me. Where do I sign up?

LovesBS writes:

(This comment was removed by the site staff.)

Banker26 writes:

BOA, the worst bank of all time.

SaintGypsywitch writes:

in response to KR:

Another liberal judge gives a slap on the wrist! 30 years in jail would assure she never did it again!

I couldn't agree more. Just steal from the bank and put the money away and see if you get caught. If you get caught you give the money back with a slap on the wrist. If you don't get caught enjoy the money. She should have done some jail time.

Beachglow writes:

The sentence should have been that she can never return to the state of Florida, period. If that were a law, this place would be a great place to live.

Klaatu writes:

The guy who stole a coke in a courtesy cup (approx value $1.25)
Spends 4 days in jail held on $6500 bond.

She spent less than a day in jail on a $10000 bond!
For stealing $200000 dollars!
The story doesn't state the harm caused to her victims!

Where's the justice?

Will he be able to make the $1.25 restitution?
And avoid costing the taxpayers for his further incarceration ?

terrysue writes:

Texas is much tougher, particularly on women. I know a woman who embezzled but also was helped by her boss. When his company was audited, she got all of the blame. She got 18 years, has served seven, has been up for parole 6 times, is now in a trusty camp, works and gets paid nothing, has just earned 2 associate college degrees and is still going to school. She just got turned down for parole again The difference is that she wasn't ordered to pay back any money.

OP writes:

Breaking from the caricature many hold of us conservatives, I say this was a responsible verdict. The penal system never reforms people, in fact most come worse than they were, so if she makes good on her debt without further breaking the law, along with her probation and house arrest, we get the best of possible outcomes from her conviction and this sentencing.

staghorn writes:

in response to dmarko326:

Siriphanthong Siri
WTF?

ask rick scott.

Here4Now writes:

Why does her residence say Gainsville? Does NDN have a job opening for a proofreader? I'd like to apply.

Here4Now writes:

Siridiphthong?

NoBS writes:

BOA is the real criminal.

Sane_in_Florida (Inactive) writes:

in response to jacktanner:

Restitution to victims is the most effective punishment, not government fines and jails.

Writing words on paper and calling it “law”. rarely prevents anything, but provides arbitrary guidelines for punishment after the fact.
In the free society, the existence of a market-based justice system ensures that punishment for violations of rights is based on restitution sought by the victim.

Wow! I agree but didn't expect such a rational statement from you.

I guess that can't be said without offense but it is nothing less than a backhanded complement

milo writes:

TRICKY DICK CHENEY WAS IN ON IT.

volochine writes:

Just a horrible decision by the state of FloriDuh. If the lady had robbed a bank of $200K, she would be doing serious time. She bought her way out.

Where are the ethics?

Jack1955 writes:

You can bet that the reason they gave her such a good deal is that there was a bank manager in the loop who was getting some happy endings along the way.

This story smells a little fishy, like maybe Siridumplingthongwang got somebody to look the other way a few times, while he was getting some cheap thrills.

Maybe that 4th kid was a Bank of America Baby, and she figured the bank owed for child support.

smurfula writes:

200,000 theft, and she is repaying it. How about 2.6 TRILLION dollar theft in private SS monies, (not tax money), stolen from the investors. Some people had to SIGN THEIR NAMES to steal that money. No one ever was arrested, no attempt at repayment has occured. Downright multi trillion theft, right in front of the Law and American Citizens. No trial, no arrests, what da?

streetrodder writes:

Boycott BOA!

OP writes:

in response to milo:

TRICKY DICK CHENEY WAS IN ON IT.

Now write something completely gratuitous and delusional. Then sit back and congratulate yourself that you are smart and clever.

Blackhawkvideo#230571 writes:

That the Good ol' Boys at B of A will be getting their money back was the only consideration by a judge who pronounces 'justice' ~ 'JUST US.'

Don't forget to vote!

***

vrodman writes:

Hmmm. And who says white collar crime doesn't pay!! And some poor SOB rips off a coke and has big charges dropped on his head??? NAH. BS! OK, so she is making restitution. BFD! She is a thief!! She deserves jail time!! Maybe not 30yrs but at least 5-10. There needs to be consequences for this! I continually read about all of these people stealing/embezelling from their employers. I had a friend who had a restaurant whose bookkeeper did this. HE LOST HIS BUSINESS. He and his wife scraped up every penny they could, borrowed from family and maxed out credit cards to open the restaurant. And were reasonably successful at it. Now all gone. That ain't right!!!!! These thiefs think that they are entitled to do this?? Buy new cars, boats, jewelry, trips etc etc. For a slap on the wrist it seems like a great idea. AN EXAMPLE NEEDS TO BE MADE! If not, we are going to read more and more about this kind of CRIME! Sheesh, what the hell...

garyOfTheGulf writes:

How? The guys in the black robes have done another outstanding job!!

Klaatu writes:

"While working at Bank of America on U.S. 41 North, Siriphanthong took out $212,459.74 in credit lines using five wealthy customers’ names. She later changed two of the customers names and provided fake addresses for them so mail would go to her."

She committed identity theft!
What about her five victims ?
What about damages they've suffered

ltlnsx writes:

What 3 jobs does she have here in Florida that allow her to pay back $200,000??? THERE IS NO WAY SHE IS WORKING LEGIT JOBS ... IT'S JUST NOT POSSIBLE. What the heck is going on here??

Patton writes:

in response to KR:

Another liberal judge gives a slap on the wrist! 30 years in jail would assure she never did it again!

They would not have gotten their money back either.

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