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Tuesday, February 12, 2013

Former bank vice president sentenced for embezzlement in Idaho.

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.”

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