Former bank employee pleads guilty to embezzlement in Texas

A former Lubbock bank employee pleaded guilty this week to embezzling nearly $800,000 from a customer’s line of credit over several years.




Mary Frances Dunn faces up to 30 years in prison and a $1 million fine.



According to court documents, Dunn began embezzling money while employed as a loan assistant to a vice president at Plains Capital Bank.



Beginning in 2003, Dunn fraudulently appropriated approximately $630,000 from a Plains Capital Bank customer, according to court documents.



When Dunn began working for City Bank in March 2008, the customer from whose line of credit Dunn embezzled moved the account with Dunn, after which she embezzled an additional $157,000.



A federal grand jury indicted Dunn in November of last year.



A sentencing date had not been set Wednesday.