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An Escondido man who once was a loan officer for a Vista bank has been sentenced to one year in federal prison for embezzling $126,924 from the bank.
Terence B. Peek, 37, worked at Southwest Bank, 410 S. Melrose Drive, Vista, before he was charged with embezzling.
Peek has paid back about $70,000 of the $126,924, said Paul M. Weil, an attorney and senior vice president for the bank.
On Monday, U. S. District Judge J. Lawrence Irving ordered Peek to repay $49,835.15 after his release from prison.
Peek promised the judge he will make “full restitution.”
His attorney, John Lanahan, said Peek is working in a 7-Eleven and living with his parents.
Irving allowed the former loan officer to remain free until May 22, when he will surrender to begin his term.
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