54-year-old Murchison, Texas woman has pleaded guilty to federal violations in the Eastern District of Texas, announced U.S. Attorney John M. Bales.
Deborah Cornett pleaded guilty to an information charging her with embezzlement by a bank employee today before U.S. Magistrate Judge K. Nicole Mitchell.
According to information presented in court, from November 2007 to May 2013, Cornett was an officer and employee of the First State Bank of Ben Wheeler. During that time, Cornett embezzled approximately $334,736.43 from bank payroll accounts, the bank Christmas Club account, certificates of deposit, and from fraudulently issued bank loans.
Cornett faces up to 30 years in federal prison at sentencing. A sentencing date has not been set.
This case is being investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant U.S. Attorney Nathaniel C. Kummerfeld.
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