Tuesday, February 23, 2010

Former Michigan Bank Employee Charged In $950K Embezzlement Scheme

Amanda Renee Burns, 27, of Lansing, Michigan, was charged today with embezzling some $950,000 from the Rockford branch of Fifth Third Bank, where she had been employed as a customer service manager. Prosecutors allege that over a five year period beginning in March 2004 until May 2005, Burns simply took cash from the bank's vault or ATM machines - as much as $10,000 a time. She is also alleged to have attempted to cover up her thefts by falsifying bank records and manipulating bank audits. She reportedly used the stolen funds "for her own personal benefit."

Read the story here and here.

Update (8/10/10): Burns pleaded guilty last March to embezzling nearly $1 million from Fifth Thrid Bank. She was sentenced to 41 months in prison. She has repaid about $65,000 in restitution, but still owes $855,171. According to reports, Burns, the mother of three, had a tough upbringing.

Read the updated story here.

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