Janice Mora Adams, 54, of Tulsa, Oklahoma, pleaded guilty to charges she embezzled more than $3 million from People's Bank where she had been employed as senior vice president of private banking. According to authorities, Adams created fraudulent loans and kept the proceeds for her own benefit over a period of nearly 6 years, from May 2004 until February 2010. During that period, Adams reportedly misappropriated about $3.1 million from the bank. Adams has agreed to a restitution judgment of $2.7 million and must pay about $860,000 in back taxes on the ill-gotten gains. According to media reports, the scheme was uncovered in March 2010 and charged in December 2011.
Read the story here and here.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment