Sunday, August 28, 2011

Former Bank Executive In Kentucky Pleads Guilty To Embezzling $2.2 Million

Donna J. Wood, 50, of Falmouth, Kentucky, pleaded guilty to charges she embezzled more than $2.2 million from United Kentucky Bank where she had served as president.  According to authorities, Wood made unauthorized bank transfers of funds to accounts she controlled over a period of nearly 8 years, from March 2003 through the end of January 2011.  The total amount reportedly misappropriated was $2,244,506.44.  She has also signed a consent decree which disallows her from ever working in banking industry again.

Read the story here and here.

Update (12/12/11): Wood, now 51, has been sentenced to 6 1/2 years in prison.

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