Wednesday, February 11, 2009
Texas Woman Pleads Guilty To $500K Embezzlement From Bank
Pamela Ruth Haynie, of Lampasas, Texas, has pleaded guilty to embezzling more than $500,000 over a ten-year period from the First Texas Bank branch where she worked. Specifically, she plead guilty to theft, embezzlement and misapplication by a bank employee. She faces up to 30 years in prison upon sentencing. Haynie had been an employee of the bank in various capacities and its affiliates for 18 years, most recently as an "assistant cashier." According to prosecutors, Haynie misappropriated some $515,000 via a series of fraudulent transfers through two accounts of relatives, then spending the money for her own benefit.
Read the story here.