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Monday, September 19, 2011

Bank Manager Sentenced to Three Years in Federal Prison for Embezzlement in Illinois

Senior U.S. District Judge Richard Mills today sentenced a former manager of a Petersburg bank, Stephen R. Bradley, 65, to serve 36 months (three years) in federal prison for embezzling from his employer. Bradley was also ordered to pay restitution in the amount of $975,102.50. Bradley was ordered to report to the federal Bureau of Prisons on a date to be determined by the BOP to begin serving his prison term. Following completion of his prison sentence, Bradley was ordered to remain under supervised release for a period of five years.

On Jan. 21, 2011, Bradley waived indictment and entered a plea of guilty to an information charging him with one count of embezzlement. Bradley admitted that he embezzled approximately $834,945 from January 2003 to March 1, 2010, while he was an employee of Petefish Skiles & Co. Bank in Petersburg, Illinois. The court also found that Bradley had embezzled an additional $140,157.50 from the bank in other accounts.

The charge is the result of an investigation by the Federal Bureau of Investigation, in cooperation with the bank. The case was prosecuted by Assistant U.S. Attorney Jason M. Bohm

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