Sunday, June 5, 2011

Former Virginia Banker Sentenced In $14.1 Million Embezzlement Case

Linda Speaks Tribby, 42, of Lovettsville, Virginia, was sentenced to 7 years in prison for embezzling $14.1 million from clients of Wachovia Bank, where she had been employed a business relationship manager.  According to authorities, Tribby fraudulently offered bank clients a tax-free interest wealth management account product that did not exist.  Instead, Tribby used the $14,169,878 fraudulently obtained funds for her personal use.  Tribby's scheme spanned a period of more than seven years, from December 2003 through January 2011.   She plead guilty to one count of bank fraud on March 4, 2011.

Read the story here, here, and here.

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