From the Tyler Morning Telegraph on 11/13/14:
A 59-year-old Lindale woman was sentenced to 30 months in federal prison Wednesday for embezzling bank funds from Lindale State Bank over 10 years.
U.S. Attorney John M. Bales stated in a press release that Mary Jane Haxton pleaded guilty on July 18 to misapplication of funds by a bank employee and was sentenced to 30 months in federal prison by U.S. District Judge Leonard Davis on Wednesday.
Haxton was also ordered to pay restitution in the amount of $446,344.66.
According to information presented in court, Haxton worked as a cashier at Lindale State Bank from 1984 until early 2014.
In 2004, Haxton began embezzling the funds by misapplying the funds to personal accounts which she owned or controlled.
In December 2013, Lindale State Bank merged with Texas Bank and Trust and became an official branch of Texas Bank and Trust. After the merger, the accounting department was in the process of reconciling accounts and discovered the funds had been misapplied. ...
Read the whole story here.
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