Tuesday, May 21, 2013

Former Missouri Banker Sentenced For Embezzling $1.2 Million

From the Salem News on 5.21.13:

Irvin R. Eddington, Jr., was sentenced Monday afternoon to 57 months in prison on bank fraud and embezzlement charges, involving his issuance of fraudulent letters of credit while he was Vice President and Manager of the Ellington Branch of People’s Community State Bank. In addition to the prison sentence, he was ordered to pay restitution of $1.2 million.


Eddington, 43, Ellington, pled guilty in February to one felony count of bank fraud and one felony count of embezzlement by a bank employee, and appeared Monday afternoon for sentencing before United States District Judge Carol E. Jackson, in Cape Girardeau.


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