Tuesday, July 19, 2011

Former South Carolina Bank Officer Pleads Guilty To Embezzling $377K

Torlando Ramont Childress, 40, of Hopkins, South Carolina, pleaded guilty today to embezzling some $377,000 from South Carolina Community Bank where he had served as chief financial officer.  According to authorities, over a period of about 3 1/2 years, from September 2006 to March 2010, Childress siphoned monies from two accounts of the bank.  Childress faces up to 30 years in prison, plus restitution and a $1 million fine upon sentencing for the count of embezzlement by a bank employee, scheduled for October 2011.

Read the story here and here.

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