A former commercial loan officer at One Bank & Trust of Little Rock allegedly defrauded the bank of at least $277,800.
One Bank filed suit to recover the funds from Kelly Harbert who allegedly created bogus loans for her own benefit. According to the lawsuit filed Wednesday in Pulaski County Circuit Court, Harbert's scheme involved creating loans in the name of legitimate customers, converting the loan into cashier's checks and depositing the funds into an IberiaBank account she controlled.
Harbert, 44, a senior vice president with the bank since February 2001, was confronted by One Bank officials and fired June 3 after she allegedly admitted her wrongdoing. A call to her home phone number was not answered late Wednesday afternoon.
According to the complaint, Harbert said she was "under severe financial difficulties" and the funds were used to pay loans at other banks.
The lawsuit alleges that she admitted that two $50,000 loans made in the names of her parents were for her benefit and made without her parents' knowledge or consent.
The complaint accuses Harbert of conversion and breach of fiduciary duty.
The bank is seeking a temporary restraining order for bank accounts at "IberiaBank, Regions Bank and perhaps Capital Bank, Arvest Bank and Summit Bank" in hopes of recovering some of the funds.
Little Rock attorney Greg Hopkins, who filed the civil suit on One Bank's behalf, said Harbert's scheme had been reported to FinCen, the U.S. Treasury Department's Financial Crimes Enforcement Network.
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