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Wednesday, April 21, 2010

Oregon woman charged with embezzling money from bank

The former marketing director for Rock River Bank has been charged with embezzling nearly $33,000 from the bank over a three-year span.A federal grand jury returned an indictment on Lynn A. Wilsie, 37, of Oregon, charging her with 12 counts of embezzling $32,904.98 from the bank from July 2006 to June 2009.
Wilsie, according to the indictment, was responsible for handling invoices related to advertising and public relations. The indictment states that Wilsie prepared accounts-payable tickets for payments to the bank’s vendors but used those tickets to issue cashier’s checks payable to others.Wilsie is then alleged to have used those checks to pay for her own personal expenses, including her rent, credit card purchases and the repayment of a personal loan.Wilsie had been an employee at Rock River Bank since 1995.
State banking regulators closed the bank’s four branches — three in Oregon and one in Rockford — July 2.
If convicted, Wilsie could face up to 30 years in prison. She is set to appear in federal court in Rockford at 10:30 a.m. Tuesday in front of Judge P. Michael Mahoney.

Lynn Wilsie appeared in Federal Court on September 9, 2010 and when she returns at the end of the month, she's expected to change her plea from not guilty to guilty. Wilsie used to be Vice President and Marketing Director for the old Rock River Bank. She's accused of preparing cashiers checks and then taking the money for her own use. If convicted, she faces up to 30 years in prison and a one-million dollar fine for each of her 12 counts.

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