Sentencing for ex-Alaska bank employee

ANCHORAGE, Alaska (AP) — A former Alaska bank employee who stole $4.3 million in cash and fled to Mexico is set to be sentenced.

Gerardo Cazarez Valenzuela, 33, pleaded guilty to theft of bank funds after he was extradited to the U.S. last year, Alaska Public Media reported Thursday.

The former cash vault services manager loaded boxes of cash onto a cart and wheeled them out of a KeyBank in Anchorage in 2011, according to court documents.

He had organized an ice cream social for that day, giving him the opportunity to stay late to access the vault under the guise of cleaning up from the event,...