Lawrence Man Sentenced to Prison for Bank Embezzlement

BOSTON - A Lawrence man was sentenced yesterday for embezzling hundreds of thousands of dollars from a Citizens Bank branch in Tewksbury, Mass.

Jefry Castro, 34, was sentenced by U.S. Senior District Judge Patti B. Saris to one year and one day in prison, five years of supervised release and $375,233 in restitution. In April 2026, Castro pleaded guilty to one count of embezzlement by a bank employee.

Castro worked as the manager of the Citizens Bank branch in Tewksbury. Between May 2024 and August 2025, he embezzled $374,233 from the bank. Castro embezzled the money primarily by taking cash from two ATMs at the bank. He covered his theft by moving money from cash deposits and cash shipments to the bank to replace the cash in the ATMs. Castro also changed numbers on the bank's balance sheets to falsify the total amount of cash at the bank.

United States Attorney Leah B. Foley and Ted E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement today. Assistant U.S. Attorney Timothy E. Moran of the Securities, Financial & Cyber Fraud Unit is prosecuting the case.