Thursday, March 18, 2010

Former Ohio Bank Manager Pleads Guilty In $245K Embezzlement Scheme

Ann Bryson, 63, of Cincinnati, Ohio, pleaded guilty last week to charges she embezzled more than $245,000 from Good Samaritan Employees Credit Union, where she had been employed as a manager. Prosecutors alleged that over the course of 7 years, between 1998 and 2005, Bryson wrote credit union checks and money orders totalling $245,432.66 for her personal expenses. She also allegedly manipulated bank records in an effort to conceal the misappropriation scheme. Bryson, who plead guilty to bank embezzlement, is due to be sentenced on July 1st and faces up to 30 years in prison, a $1 million fine, plus restitution. Good Samaritan Employees Credit Union was dissolved after it became insolvent in November 2005.

Read the DOJ announcement here.

Update (7/2/10): Bryson was sentenced to 33 months in prison followed by three years supervised release. She was also ordered to pay restitution in the amount of $245,432.66.

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