Anchorage Key Bank Employee Accused of Stealing $4.3 Million in Cash

Gerardo Adan Cazarez Valenzuela, also known as "Gary Cazarez", 26, worked as a cash vault services manager and allegedly stole the millions July 29.

Tools

By Colleen Kelly

Story Created: Aug 17, 2011 at 4:34 PM AKDT

Story Updated: Aug 17, 2011 at 6:44 PM AKDT

A Key Bank employee at a branch in Anchorage, Alaska, was indicted by a federal grand jury today for stealing $4.3 million in cash in one day.

Gerardo Adan Cazarez Valenzuela, also known as "Gary Cazarez", 26, worked as a cash vault services manager and allegedly stole the millions on July 29.

During a random search at a Mexican airport checkpoint on Aug. 2, airport workers discovered nearly $3.8 million in cash, firearms and ammunition in his luggage, according to acting U.S. Attorney Kevin Feldis.

Mexican authorities arrested Valenzuela in Sonoita, Sonora, Mexico, where he remains in custody until he returns to Alaska.

Valenzuela could face up to 30 years in jail and as much as $1 million in fines.

You have indicated this comment should be removed.

Close

The comment has been submitted for review. Thank you .

jjj said on Wednesday, Aug 17 at 11:06 PM

Banks like to steal from you, not you steal from them

72525898
Inappropriate? Alert Us!

dickwitzki said on Wednesday, Aug 17 at 6:41 PM

dang. if he had gotten away, he would have been the baddest bank robber i have read on the online news so far.

72518942
Inappropriate? Alert Us!

AMERICAN said on Wednesday, Aug 17 at 5:18 PM

Sounds to me like this is one of those jobs that the powers at be keep telling us americans don't want? Or just another mexican ripping off the USA

72514619
Inappropriate? Alert Us!

Add a comment

Name:

Comment: 1000 Characters Left

KTVA CBS 11 | Anchorage, Alaska News and Weather and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.