Sylvia Anita Wallace, 45, of Onsted, Michigan, has been charged with embezzling more than $150,000 from OSB Community Bank, where she had been a longtime bank teller. Authorities believe Wallace, who was in charge of the bank vault as well as served as a teller, misappropriated "between $150,000 and $200,000" from the bank. She has been charged with embezzlement of more than $100,000, a felony. Wallace faces up to 30 years in prison if convicted, plus restitution and fines.
Read the story here.
Update (8/20/11): Wallace, now 46, pleaded guilty to embezzling as much as $182,000, the amount the bank's forensic audit showed she took. The thefts reportedly began on December 1, 2009 and continued through June 2010.
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