Sunday, October 31, 2010

Former Bank Exec From Missouri Sentenced In Bank Fraud. Embezzlement Case

Timothy Earl Ferguson, 48, of Columbia, Missouri, was sentenced to 41 months in prison for defrauding the US Bank where he had been employed as a bank officer. According to authorities, from 2002 and 2003, Ferguson created a series of fraudulent loans, totalling $660,000 and then deposited some $217,000 of the proceeds from those loans into his own accounts. Ferguson was also ordered to pay $1,053,684 in restitution.

Read the story here and here.

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