Thursday, February 27, 2014

Former Bank Employee In Missouri Pleads Guilty To Charges She Embezzled $650K

From the Kansas City Business Journal on 2/27/14:

Lisa Taylor, a former UMB Bank employee who was recently charged with embezzling more than $650,000, pleaded guilty Thursday in federal court.

Taylor worked as a closing account specialist at UMB from May 2006 until October 2010. She was fired after a corporate fraud investigation determined that she had been using her position to generate fraudulent checks.

According to a release, Taylor requested 377 checks payable to her friends and family totaling $650,659. They would cash or deposit the checks in exchange for a portion of the money.

Eleven of those friends and family members also have pleaded guilty for their role in the scheme.
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Read the story here.

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