Monday, April 27, 2009

Update On Texas Bank Embezzlement Case: Haynie Sentenced To 1 Year For $515K Embezzlement

Pamela Ruth Haynie, 54, of Lampasas, Texas, was sentenced last week to one year and a day for embezzling some $515,000 from the First Texas Bank, where she had been employed as a cashier. Haynie was also ordered to pay 483,428.79 in restitution. 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's thefts, which involved a series of fund transfers into accounts of her own and her relatives, spanned more than a 10 year period from January 1998 to July 2008. She plead guilty last February.

Read FraudTalk's original post on this story here.

Read the story here.

Frankly, Haynie is getting off easy here, my friends...

1 comment:

Anonymous said...

How is someone supposed to make restitution of $483,428.79? And she only has to spend 1 year in jail? No wonder so many people are embezzling....