Former bank worker in Alaska sentenced in theft of $4.3M

ANCHORAGE, Alaska (AP) — A daring Alaska bank employee who boxed up $4.3 million in cash, rolled it to his car and flew it to Seattle was sentenced Monday to 10 years in prison for bank theft.

Gerardo Valenzuela, 34, also known as Gary Cazarez, was sentenced in federal court after pleading guilty in January.

U.S. District Judge Timothy Burgess gave him no credit for the seven years he served in a Mexico prison after his conviction there for smuggling cash, guns and ammunition, U.S. prosecutors said.

Valenzuela was extradited to Alaska in September.

He was 26 in 2011 when he worked as a cash vault services manager for KeyBank in Anchorage. At the time of the theft, investigators said, he was worried that the bank was going to make his job obsolete and he could be terminated.

Read more: http://www.newsminer.com/news/alaska_news/former-bank-employee-sentenced-to-years-for-m-theft/article_e3d1f2ca-dde8-5667-b039-91c4a49f53cf.html