Ardmore Man Pleads Guilty to Bank Theft, Embezzlement, and Misapplication

The United States Attorney’s Office for the Eastern District of Oklahoma, announced that RICHARD PAUL GEURIN, 48, of Ardmore, Oklahoma, pled guilty to Bank Theft, Embezzlement and Misapplication, in violation of Title 18, United States Code, Section 656.
The charge arose from an investigation by the Federal Bureau of Investigation. The defendant was indicted in August 2014.
The Indictment alleged that from on or about February 3, 2011, until on or about February 24, 2014, in the Eastern District of Oklahoma, defendant RICHARD PAUL GEURIN, being an officer, director, agent, or employee of, or connected in a capacity with, First Bank & Trust of Duncan, Oklahoma, a bank whose deposits are insured by the Federal Deposit Insurance Corporation, with intent to injure and defraud the said First Bank & Trust of Duncan, Oklahoma, willfully misapplied, embezzled, abstracted, and purloined more than $1,000.00 of the moneys, funds, assets or securities entrusted to the custody or care of First Bank & Trust of Duncan, Oklahoma, in that the defendant withdrew cash from the accounts of certain bank customers and misapplied, embezzled, abstracted and purloined the funds for his own use or benefit.
The Honorable Steven P. Shreder, Magistrate Judge in the United States District Court for the Eastern District of Oklahoma, in Muskogee, accepted the guilty plea and ordered the completion of a presentence report.
The statutory range of punishment is up 30 years and $1,000,000.00 fine. The defendant will remain on bond pending sentencing.
Assistant United States Attorney Rob Wallace represented the United States.