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Ex-Little League boss admits embezzlement

February 24, 2014 - 8:39am

A former president of Hilo Little League has pleaded guilty in federal court to embezzling tens of thousands of dollars in league funds, plus money from two youth soccer teams, a pageant organization and a car repair and alignment shop.

According to the plea agreement, Cheryl L. Octavio, a former Bank of Hawaii business banking officer, “willfully stole, embezzled, and misapplied funds entrusted to Bank of Hawaii’s custody and care.”

The plea agreement states that Octavio, who has no prior criminal record, could be sentenced to up to 30 years in prison, fined up to $1 million and receive up to five years of supervised release, the federal equivalent of probation, for “theft, embezzlement, or misapplication by a bank officer or employee.”

The 43-year-old Octavio, who is free on $25,000 bond, is scheduled to be sentenced April 28 at 3 p.m. by U.S. District Judge Susan Oki Mollway in Honolulu. Terms of her plea deal allow her to appeal her sentence.

“All you can do in federal cases is build the factors you believe favor your client into the plea agreement,” Marcus Sierra, Octavio’s Honolulu-based attorney, said last week. “So you’ll see factors in there like the government’s agreeing that she took responsibility early. The government’s agreeing on the amount that’s lost in the case. … So there’s now more flexibility for the defense to present a good argument … for less incarceration time.”

The document states that between about Dec. 17, 20