Monday, November 1, 2010

Former Bank Employee In Mississippi Sentenced For $2 Million Embezzlement Scheme

Sandra J. Jones, 63, of Greenville, Mississippi, was sentenced to 51 months in prison for embezzling nearly $2 million from Planters Bank & Trust Company in Indianola, where she had been employed as head of customer service relations. According to authorities, Jones misappropriated funds from customer accounts. Jones, who pleaded guilty to one count of bank fraud, was also ordered to pay $1.9 million in restitution. The FDIC has banned Jones from being employed in the financial industry without regulatory consent.

Read the story here.

Read the FDIC consent order here.

Hat tip: Reader Joe.

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