Thursday, February 12, 2009

Michigan Bank Exec Pleads Guilty To $171K Embezzlement

Amy Lynette Sanders, 37, pleaded guilty today to embezzling some $171,000 from the Independent Bank in Grand Rapids, Michigan, where she had been employed as an Assistant Vice President. Sanders, who was arrested last December, admitted that she transferred the funds in certificates of deposit, to her own account over a period of about 3 1/2 years until late 2007. Sanders and her husband, Jeffrey Sanders, were going through a Chapter 13 bankruptcy during the time of the thefts from the bank. She faces up to 30 years in prison, plus restitition upon sentencing, scheduled for May 14th.

Read the story here and here.

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