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Thursday, July 1, 2010

Former Panama City, Florida Bank Employee Sentenced for Embezzlement

Pamela C. Marsh, the United States Attorney for the Northern District of Florida, announced that former bank employee Kelawanoia W. McKay, 34, of Panama City, was sentenced Wednesday to 30 months in federal prison for embezzling funds from Tyndall Federal Credit Union.

United State District Judge Richard A. Smoak also ordered McKay to serve a term of five years’ supervised release upon her release from custody and to pay $157,713.38 in restitution.
On March 17 2010, McKay pled guilty to a one count information charging her with bank embezzlement, in violation of Title 18, United States Code, Section 656. Facts presented during the plea hearing revealed that McKay was a lead financial representative at Tyndall Federal Credit Union and that from on or about July 1, 2008 to July 13, 2009, she used her position to embezzle at least $157,713.38 from the bank.
Ms. Marsh praised the work of the Federal Bureau of Investigation and the Bay County Sheriff’s Office, whose joint investigation led to McKay’s plea and sentencing.
The case was prosecuted by Assistant United State Attorney J. Ryan Love.

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