Update: Former Mississippi Bank Exec Charged In 30 Year Embezzlement Scheme That Netted At Least $1 Million

Margaret S. Migues, 52, of Jackson, Mississippi, was charged yesterday with embezzling at least $1 million over nearly a 30 year period from client accounts at Hancock Bank in Ocean Springs where she had been employed as the longtime branch operations manager. Migues has reportdly agreed to plead guilty to a one count Information for the thefts which allegedly spanned from 1980 and 2009. According to authorities, Migues and a former teller at the bank, Doris "Willie" Burney, misappropriated more than $1 million over this period.

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Update (3/18/10): Margaret S. Migues pleaded guilty yesterday to bank embezzlement charges. Investigation reveals that the thefts, spanning nearly 30 years, netted nearly $3 million, instead of the earlier estimate of $1 million, according to reports.

Update (5/26/10): Migues, now of Ocean Springs, Mississippi, is expected to plead guilty today. Migues and cohort Doris "Willie" Burney are believed to have embezzled millions from Hancock Bank over a nearly 30 year period, from 1980 through 2009.

Update (6/10/10): Doris "Willie" Burney, now 62, has been formally charged for her involvement in this embezzlement scheme. Migues is scheduled to be sentenced this August.

Update (10/13/10): Migues and Burney were both sentenced to 8 1/2 years in prison for their roles in the embezzlement scheme that targeted the accounts of elderly cusotmers of Hancock Bank, ranging in age from 71 to 102, where they both started out as bank tellers. They were also ordered to pay $3.4 million in restitution, the latest estimate of the loss. Victims of their misappropriations have been made whole by the bank.