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Wednesday, July 17, 2013

Sentencing For Former Charleston Bank Executive Wednesday

The former executive of a Charleston-based Chase Bank could be heading to prison for embezzlement.
Mark Alan McCoy, of Charleston, will be sentenced at 11 a.m. Wednesday in U.S. District Court in Charleston by U.S. District Judge Irene Berger for embezzling more than $500,000 from his employer.
The 46 year old worked as the vice president of private client banking services at the bank's Charleston branch from September 2008 until June 2012.
While employed, McCoy stole around $532,395 belonging to Chase Bank from approximately nine separate personal and corporate bank clients’ accounts.
From November 30, 2009 through April 19, 2012, he created cashier’s checks for himself or would use the proceeds from the original cashier’s checks to create additional unauthorized checks.
McCoy previously pleaded guilty in March to embezzlement by a bank officer. He faces up to up to 30 years in prison and a fine of up to $1 million for the crime.

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