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Thursday, June 3, 2010

Former Tacoma, Washington KeyBank employee sentenced for embezzling

A bank employee from Tacoma was sentenced Wednesday in federal court for embezzling more than $100,000 from several customers. Jeffrey Lynn Giddings Jr., 27, was sentenced in U.S. District Court in Tacoma to a year in prison and six months of home detention and was ordered to pay $112,626 in restitution.
Giddings, who was an operations manager at the Hawks Prairie branch of KeyBank, pleaded guilty to bank embezzlement in December 2009. From October 2007 to February 2009, he took out loans totaling $45,000 in a relative’s name and stole money from the account of another relative. He also withdrew more than $50,000 from the account of an elderly couple.
Giddings’ colleagues eventually became suspicious and reported him.

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