Former Bank Teller Pleads Guilty to Embezzlement Scheme

A bank teller in Greenup County has pleaded guilty to federal charges of stealing more than $800,000 from her former employer.

Brenda Gammon, 41, of South Shore, pleaded guilty to a criminal information charging her with bank embezzlement and aggravated identity theft during a hearing in U.S. District Court in Ashland this week.

According to the plea agreement, Gammon admitted to embezzling $829,600 from Home Federal Saving & Loan between June, 2004, and July 2012.

During that time, Gammon was from promoted from teller to head teller.

Prosecutors say as part of the scheme, Gammon use the identity of another person to obtain some of the monies.

Gammon faces up to 32 years in prison and a fine of up to $250,000 when she is sentenced in April. She must also pay back the money she stole

Bank employee charged with embezzling $135,700 in Kentucky

A Bank of Kentucky employee has been charged with embezzling more than $130,000, the U.S. Attorney's Office said Friday.In addition to bank embezzlement, Rebecca Hatfield, 34, was charged with making a false statement and 46 counts of making false entries in bank records, according to a news release. From December 2007 to August 2011, Hatfield took about $135,700 from the Bank of Kentucky, the news release said.Hatfield, of Columbus, Ind., worked at Bank of Kentucky in Florence.She is accused of making false entries into bank accounting records and lying to an FBI agent in denying that she embezzled money. She allegedly told an FBI agent another bank employee took the money, the news release said. If convicted, Hatfield could face up to 30 years in prison.

Former Bank President Pleads Guilty to Embezzling Millions of Dollars in Kentucky

The former president and chief executive officer of a Falmouth, Ky. bank admitted that she embezzled more than two million dollars from the bank, according to a plea agreement filed today.




Donna J. Wood, 50, pleaded guilty yesterday in federal court to an embezzlement charge and admitted that from March of 2003 until January 26 of this year she embezzled $2,244,506.44 from United Kentucky Bank.



Wood also signed an agreement with the Federal Deposit Insurance Corporation which stipulates that she will never work in banking again.



According to the plea agreement, Wood transferred money belonging to the bank into accounts owned by her husband and her two sons. Wood then falsified bank records to conceal her criminal conduct from auditors.



Wood worked as the bank president for two years. Prior to that, she had worked as the bank’s vice president since the bank opened in 1992.



Kerry B. Harvey, United States Attorney for the Eastern District of Kentucky, and Elizabeth A. Fries, Special Agent in Charge, FBI, Louisville Field Division, jointly made the announcement today.



The investigation was conducted by the FBI. The United States was represented in the case by Assistant United States Attorney Laura K. Voorhees.



Wood faces a maximum penalty of 30 years in prison. Any sentence will be imposed by the court after consideration of the United States Sentencing Guidelines and the federal statute governing the imposition of sentences.

Pewee Valley, Kentucky Man Indicted for Embezzlement

A federal grand jury in Louisville returned an indictment against Michael Glenn Borum, age 31, of Pewee Valley, Kentucky, in Oldham County, on charges of embezzling approximately $40,000 belonging to Your Community Bank while employed as a teller with the bank, United States Attorney Candace G. Hill of the Western District of Kentucky announced today.

The indictment alleges that the embezzlement occurred between March 19, 2009, and June 12, 2009.
In the event of a conviction, the maximum potential penalties are 30 years’ imprisonment, a $1,000,000 fine, and supervised release for a period of five years.
The case is being prosecuted by Assistant United States Attorney Jim Lesousky, and it was investigated by the Federal Bureau of Investigation.