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Saturday, August 4, 2012

Former Tennessee Commerce official charged with embezzlement


A former official from the now-defunct Tennessee Commerce Bank was indicted Thursday on a single charge of embezzlement, according to federal court documents.

Lisa Crawford Justice is accused of stealing more than $100,000 from the Franklin-based bank, which earlier this year became Tennessee's first bank failure in the wake of the Great Recession.

In 2008, Crawford was named operations officer and deposit operations supervisor with the bank.

The U.S. Attorney's Office for the Middle District of Tennessee accuses Crawford of taking the funds between 2009 and 2011. The government is seeking forfeiture of the money; the offense carries a maximum fine of $1 million and 30 years in prison.

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