Kimberly O. McAbee, 44, of Woodruff, South Carolina, was indicted yesterday on charges she embezzled some $520,000 from Arthur State Bank in Union, South Carolina, where she had been employed. Prosecutors allege that McAbee embezzled the funds over a four year period between 2005 and 2009. She allegedly manipulated lines of credit and bank loans of family members and friends and altered bank records to hide the thefts. She faces up to 30 years in prison, plus fines and restitution. McAbee had been employed by the bank for over 20 years, from 1988 until 2009.
Read the story here and here.
Update (4/27/10): McAbee pleaded guilty today to the charges she embezzled $520,000 from Arthur State Bank.
Update (8/17/10): McAbee, now 45, was sentenced to 2 years in prison for her embezzlement in this case.
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