Monday, September 20, 2010

Former Georgia Bank Teller Pleads Guilty To Embezzling Nearly $625K

Lisa R. Cox, 48, of Macon, Georgia, pleaded guilty today to charges she embezzled $624,608 from the MidSouth Federal Credit Union where she had been employed as head teller. Authorities alleged that over a period of about six years, from 2001 until 2007, Cox misappropriated the monies and then falsified bank records in an attempt to cover her tracks. A 2007 audit revealed the missing funds. Cox reportedly spent the stolen money on luxury vacations, car payments, gambling junkets and other personal expenses.

Read the story here.

Update (1/20/11): Cox was sentenced to two concurrent 36 months prison terms, plus five years of supervised release. She must also pay restitution in the amount of $624,608.

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