Ex-bank worker who stole $600K goes to prison

A former employee at Texas Capital Bank was sentenced Thursday to 33 months in federal prison without parole for embezzling more than $620,000 from accounts connected to a bank official.

For more than 15 years, Stacy L. Rapp served as the trusted assistant to Mark Johnson, who was regional president and is now vice chairman.

Rapp pleaded guilty last year to embezzlement, and U.S. District Judge Orlando Garcia on Thursday ordered her to turn herself in to prison authorities later this year and to pay restitution.

In February 2013, Johnson discovered several transactions in his personal account that he was not familiar with, Rapp's plea agreement said.

When Johnson asked Rapp about the issue, she said she would look into the matter, the agreement said. Instead, she abruptly left the bank and never returned.

An investigation by the Secret Service showed Rapp had been stealing money since at least February 2007 and through February 2013, the plea deal said. She accessed Johnson's accounts 196 times, and those of his family, for money for personal expenses.

The scheme included fraudulently transferring money from accounts of the Johnson family to her own accounts at other banks, forging Johnson's signature on documents and checks and even withdrawing cash from an account belonging to Johnson's mother-in-law.

The plea agreement said she spent the money on credit card payments, vacations, “spa experiences,” her children's college tuition and a down payment on her house in Boerne. The bank is FDIC insured, records show.

Johnson was traveling and was not immediately available for comment Thursday.

He has a long record of community service, with a leadership role in numerous nonprofit organizations. Johnson previously served as president of the Alamo Area Council of Boy Scouts of America and as director of the San Antonio Chamber of Commerce, according to a biography on the Texas Capital Bank website.