Former bank officer owes $45K

A former officer at a Durant bank was sentenced Tuesday to eight months of home detention after pleading guilty to embezzlement. Daniel James Abbott, 32, also must pay more than $45,000 in restitution. Abbott was an officer at Durant’s First National Bank and Trust between October 2011 and September 2013 when he took the money, according to prosecutors. The Calera resident, who pleaded guilty in May, also will be on probation for three years.

The United States Attorney's Office for the Eastern District of Oklahoma, announced that DANIEL JAMES ABBOTT, age 32, of Calera, Oklahoma, was sentenced to 3 years of probation, 8 months of home detention and was ordered to pay $45,524.47 in restitution for Embezzlement By Bank Officer Or Employee, in violation of Title 18, United States Code, Section 656.
The charge arose from an investigation by the Durant Police Department and the United States Secret Service. The defendant pled guilty in March 2014.


The Information alleged that from on or about October 26, 2011 to on or about September 18, 2013, in the Eastern District of Oklahoma, the defendant, being an officer and employee of the First United Bank and Trust, Durant, Oklahoma, a bank whose deposits are insured by the Federal Deposit Insurance Corporation, with intent to injure and defraud First United Bank and Trust, willfully misapplied and embezzled the moneys, funds and assets belonging to said bank and entrusted to the custody and care of the defendant as an officer and employee in an amount exceeding $1,000.00.


The Honorable Ronald A. White, District Judge in the United States District Court for the Eastern District of Oklahoma, presided over the hearing.

Assistant United States Attorney Chris Wilson represented the United States.