Tuesday, February 17, 2015

Texas Woman Sentenced To 3+ Years For Embezzling $366K From Bank

From KLTV Ch.7 on 2/17/2015:
A 55-year-old Murchison, Texas woman has been sentenced to federal prison for embezzlement in the Eastern District of Texas, announced U.S. Attorney John M. Bales.
Deborah Cornett pleaded guilty on June 9, 2014 to embezzlement by a bank employee and was sentenced to 41 months in federal prison Tuesday by U.S. District Judge Leonard Davis. Cornett was also ordered to pay restitution in the amount of $365,988.43.

According to information presented in court, from November 2007 to May 2013, Cornett was an officer and employee of the First State Bank of Ben Wheeler. During that time, Cornett embezzled from bank payroll accounts, the bank Christmas Club account, certificates of deposit, and from fraudulently issued bank loans.


Read the whole story here.

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