Oklahoma Bank Executive Accused In $500K Embezzlement Scheme

Criss Lee McGinty, 51, of Glencoe, Oklahoma, was indicted last week on charges he embezzled $536,995 from a customer's account at the Glencoe State Bank, for whom he had been employed as Executive Vice President. Specifically, he was indicted for embezzlement, misapplication of bank funds, making false statements to FDIC bank examiners and obstructing an FDIC examination. According to prosecutors, McGinty used a variety of means, including executing hand written checks to himself, to transfer funds from the account of Dove Construction, LLC, held at the bank to a personal account in the name of “McGinty House,” which he used to pay for construction of his home and other personal expenses. McGinty has been employed by Glencoe State Bank since 1978.

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