Pamela Cobb, 40, of River Oaks, Texas, has pleaded guilty to embezzling more than $2 million from Bank of America where she had been employed as a branch manager. According to authorities, over a period of at least 9 years, from 2002 until April 2011, Cobb withdrew cash from bank customer accounts, sometimes forging their signatures on withdrawal slips. Cobb reportedly used the misappropriated funds to pay for personal luxury items including motor vehicles, property, vacations, clothing, and jewelry.
Read the story here and here.
Hat tip: FraudTalk reader Joe.
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