Search This Blog

Sunday, February 20, 2011

Texas Bank Officer Accused of Embezzling More Than $2.7 Million in Palmer

$2.7 million is a great deal of money, and it’s pretty hard to miss that much cash flowing out of your bank – bad news for one (now) former Texas bank officer.

An indictment was placed against a former Bank of New York Mellon officer being accused of embezzling funds last Friday, as confirmed by U.S. Attorney James T. Jacks of the Northern District of Texas.

Tracey Buckley, 44 of Palmer, Texas, was arrested by federal agents on embezzlement charges last Thursday, and subsequently pled not guilty. After this, she was released on a personal recognizance bond.

Between September 2008 and September 2010, Buckley allegedly started 40 wire transfers totaling more than $2.7 million from The Bank of NY Mellon to her own bank account at JPMorgan Chase.

If convicted, Buckley could face a maximum of 30 years in prison and be fined up to $1 million. She could also be forced to pay further restitution and forfeit the titles of her vehicles and real estate she owns in Palmer and Ennis, TX as well as Custer, Montana.

No comments:

Post a Comment