Patricia Lynn Davis-Boarman, age 52, of Mogadore, Ohio, was sentenced to two years in prison for embezzling $143,466.86 from the Falls Savings Bank and North Akron Savings Bank where she had been employed as an executive. According to prosecutors, over an eight year period, from 2001 until 2009, Davis-Boarman created at least five fraudulent loans in the names of bank clients without their knowledge or consent, keeping the proceeds for herself. Davis-Boarman pleaded guilty on April 23, 2010 to a criminal information with one count of bank fraud. She was ordered to pay restitution of $159,551.12.
Read the story here.
Read the DOJ announcements here and here.
Hat Tip: Reader Joe.
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