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Monday, September 19, 2011

Guilty plea in $4.4 million embezzlement in Missouri

A former worker at the Jersey State Bank in Jerseyville faces up to 30 years in federal prison and $1 million in fines now that she has admitted embezzling $4.4 million. Mary Becker, 56, of Jerseyville, pleaded guilty Friday in U.S. District Court to a charge of bank fraud. Authorities say Becker worked at the bank since 1976, holding positions ranging from assistant cashier to executive vice president. The indictment alleged that Becker inflated expenses and electronically transferred money from the bank's accounts to her own. Federal prosecutors are trying to seize Becker's home, two condos near Missouri's Lake of the Ozarks, a 38-foot powerboat and various other investments. The bank's president says Becker resigned in February and no customer accounts were affected.

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