A former bank vice president will serve 15 months in prison for embezzling more than $142,000.
Chief U.S. District Judge B. Lynn Winmill sentenced Deanne Marie
Cottle, 63, to serve 15 months in prison for the crime, as well as two
years of supervised release in the future, according to a news release.
She will also have to pay a $2,000 fine.
As part of a plea agreement, the Swan Valley resident
admitted that she embezzled funds from the Bank of Commerce of Idaho
Falls, where she formerly worked as the vice president of security and
the director of human resources. She converted 31 checks from health
insurance carriers to the bank, and then used cashier’s checks to
deposit the money in a personal credit union account, according to the
news release, which adds that she has made full restitution to the bank.
“The detection and prosecution of the crime in this
case exemplifies efforts underway by President Obama's Financial Fraud
Enforcement Task Force (FFETF),” U.S. Attorney Wendy J. Olson said in
the news release. “Thanks to the dedicated work of the FBI in this case,
and the ongoing work of the FBI and other partners, the District of
Idaho is proud to be a successful part of this important program. We
will continue to work with our partners in the law enforcement community
– federal, state and local – to identify and prosecute those who commit
fraud.”
Tuesday, February 12, 2013
Former bank vice president sentenced for embezzlement in Idaho.
Labels:
bank embezzlement,
Idaho,
MILWAUKEE CPA,
TERRENCE RICE CPA
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