A Cookeville credit union employee admitted to a major embezzlement case Monday.
Latisha Cochran, 36, admitted to issuing fraudulent loans to fictitious borrowers while she worked at the Middle Tennessee Federal Credit Union.
Prosecutors said Cochran used the money from the loans on personal items, and to obtain credit cards to make more personal purchases.
In all, Cochran admitted to taking more than $370,000, all of which she will have to pay back.
Cochran also faces up to 30 years in prison and a fine of up to $1 million.
Showing posts with label Tennessee. Show all posts
Showing posts with label Tennessee. Show all posts
Tuesday, September 23, 2014
Saturday, July 26, 2014
Assistant Bank Branch Manager Charged with Bank Fraud
Erlanda Naranjo, 39, of Nashville, Tennessee, was charged by Information, filed yesterday, with bank fraud, announced United States Attorney Zane David Memeger. According to the Information, while employed at a bank, the defendant submitted a false application for a business line of credit in the name of a relative. That relative neither owned a business nor authorized Naranjo to apply for credit in her name. The bank ultimately approved the application, and sustained a loss of more than $95,000, when the line of credit was charged up and not repaid.
If convicted the defendant faces a maximum possible sentence of 30 years in prison, a five-year period of supervised release, a $1,000,000 fine and a $100 special assessment.
The case was investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant United States Attorney Elizabeth Abrams.
If convicted the defendant faces a maximum possible sentence of 30 years in prison, a five-year period of supervised release, a $1,000,000 fine and a $100 special assessment.
The case was investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant United States Attorney Elizabeth Abrams.
Saturday, March 1, 2014
Former bank teller sentenced to 5 year diversion in fraud case
A former Capital Bank head teller was sentenced to a five-year judicial diversion for stealing more than $60,000 from a local bank.
Kristy Hodges, 31, of Cunningham, Tenn., was charged with theft and 43 counts of false bookkeeping.
In September of 2012, the 19th Judicial District Attorney General requested TBI investigate allegations of embezzlement by Hodges, who was head teller at Capital Bank located at 25 Jefferson St. Hodges allegedly stole approximately $64,000 between 2008 and 2012, according to a previous report.
On Jan. 3, Hodges entered an open guilty plea to theft over $10,000 in Judge John H. Gasaway’s court. The 43 charges of false bookkeeping were dismissed in settlement.
Thursday, she was sentenced to a five-year judicial diversion to be served on state probation. She must also pay restitution to the bank in a civil agreement, according to court records.
She must also disclose her conviction if she seeks employment at any type of financial institution.
Kristy Hodges, 31, of Cunningham, Tenn., was charged with theft and 43 counts of false bookkeeping.
In September of 2012, the 19th Judicial District Attorney General requested TBI investigate allegations of embezzlement by Hodges, who was head teller at Capital Bank located at 25 Jefferson St. Hodges allegedly stole approximately $64,000 between 2008 and 2012, according to a previous report.
On Jan. 3, Hodges entered an open guilty plea to theft over $10,000 in Judge John H. Gasaway’s court. The 43 charges of false bookkeeping were dismissed in settlement.
Thursday, she was sentenced to a five-year judicial diversion to be served on state probation. She must also pay restitution to the bank in a civil agreement, according to court records.
She must also disclose her conviction if she seeks employment at any type of financial institution.
Saturday, January 25, 2014
Former bank teller in Clarksville pleads guilty to theft
A former Capital Bank head teller entered a guilty plea to stealing more than $60,000 from her place of employment over a four-year period.
Kristy Hodges, 31, of Cunningham, Tenn., was charged with theft and 43 counts of false bookkeeping.
In September of 2012, the 19th Judicial District Attorney General requested TBI investigate allegations of embezzlement by Hodges, who was head teller at Capital Bank located at 25 Jefferson St. Hodges allegedly stole approximately $64,000 between 2008 and 2012, according to a previous report.
On Jan. 3, Hodges entered an open guilty plea to theft over $10,000. The 43 charges of false bookkeeping were dismissed in settlement.
She is scheduled to be sentenced by Judge John H. Gasaway on Feb. 12.
Kristy Hodges, 31, of Cunningham, Tenn., was charged with theft and 43 counts of false bookkeeping.
In September of 2012, the 19th Judicial District Attorney General requested TBI investigate allegations of embezzlement by Hodges, who was head teller at Capital Bank located at 25 Jefferson St. Hodges allegedly stole approximately $64,000 between 2008 and 2012, according to a previous report.
On Jan. 3, Hodges entered an open guilty plea to theft over $10,000. The 43 charges of false bookkeeping were dismissed in settlement.
She is scheduled to be sentenced by Judge John H. Gasaway on Feb. 12.
Sunday, January 12, 2014
Former head teller pleads guilty to bank embezzlement in Tennessee
Kaley Gregory, 29, of Gallatin, Tennessee, pleaded guilty Jan. 3 to one count of bank embezzlement, said David Rivera, United States Attorney for the Middle District of Tennessee.
At the plea hearing, Gregory admitted that from 2009 until May 2013, while employed as the head teller of the Gallatin branch of Volunteer State Bank, she embezzled more than $264,000 from the bank and converted this cash to her own use. Gregory also admitted making false entries into the bank’s computer system in order to conceal her embezzlement and to manipulating bank audits to conceal the shortfall of cash resulting from her scheme. Gregory further acknowledged using a relative’s bank account to disguise the source of embezzled cash which she ultimately deposited into her own personal bank account and used for retail purchases, travel and paying bills.
After accepting Gregory’s plea, U.S. District Judge Todd J. Campbell scheduled a sentencing hearing for March 21. Gregory faces a maximum sentence of 30 years in prison and a maximum fine of up to $1,000,000. In addition, Gregory will forfeit the proceeds of her embezzlement and any property derived from these proceeds.
The case was investigated by the Federal Bureau of Investigation. The case is being prosecuted by Assistant U.S. Attorney William F. Abely.
At the plea hearing, Gregory admitted that from 2009 until May 2013, while employed as the head teller of the Gallatin branch of Volunteer State Bank, she embezzled more than $264,000 from the bank and converted this cash to her own use. Gregory also admitted making false entries into the bank’s computer system in order to conceal her embezzlement and to manipulating bank audits to conceal the shortfall of cash resulting from her scheme. Gregory further acknowledged using a relative’s bank account to disguise the source of embezzled cash which she ultimately deposited into her own personal bank account and used for retail purchases, travel and paying bills.
After accepting Gregory’s plea, U.S. District Judge Todd J. Campbell scheduled a sentencing hearing for March 21. Gregory faces a maximum sentence of 30 years in prison and a maximum fine of up to $1,000,000. In addition, Gregory will forfeit the proceeds of her embezzlement and any property derived from these proceeds.
The case was investigated by the Federal Bureau of Investigation. The case is being prosecuted by Assistant U.S. Attorney William F. Abely.
Saturday, March 16, 2013
Former Clarksville bank teller charged with embezzling more than $60K in Tennessee
The Tennessee Bureau of Investigation has levied more charges against a former
Clarksville bank teller accused of stealing more than $60,000 from her
employer.
Kristy Hodges, 30, of Cunningham, Tenn., was indicted in the March term of grand jury and charged with 43 additional counts of false bookkeeping and one count of theft over $60,000.
She was arrested on March 12 and booked into the Montgomery County Jail on $5,000 bond.
In October 2012, TBI arrested her on one count of theft over $60,000, two counts of false entries over $1,000 and seven counts of false booking entries over $10,000.
In September of 2012, the 19th Judicial District Attorney General requested TBI investigate allegations of embezzlement by Hodges, who was head teller at Capital Bank located at 25 Jefferson St. Hodges allegedly stole approximately $64,000 between 2008 and 2012, according to a previous report.
Hodges will be arraigned in circuit court in early April.
Kristy Hodges, 30, of Cunningham, Tenn., was indicted in the March term of grand jury and charged with 43 additional counts of false bookkeeping and one count of theft over $60,000.
She was arrested on March 12 and booked into the Montgomery County Jail on $5,000 bond.
In October 2012, TBI arrested her on one count of theft over $60,000, two counts of false entries over $1,000 and seven counts of false booking entries over $10,000.
In September of 2012, the 19th Judicial District Attorney General requested TBI investigate allegations of embezzlement by Hodges, who was head teller at Capital Bank located at 25 Jefferson St. Hodges allegedly stole approximately $64,000 between 2008 and 2012, according to a previous report.
Hodges will be arraigned in circuit court in early April.
Saturday, August 4, 2012
Former Tennessee Commerce official charged with embezzlement
FROM BIZJOURNALS.COM -
A former official from the now-defunct Tennessee Commerce Bank was indicted Thursday on a single charge of embezzlement, according to federal court documents.
Lisa Crawford Justice is accused of stealing more than $100,000 from the Franklin-based bank, which earlier this year became Tennessee's first bank failure in the wake of the Great Recession.
In 2008, Crawford was named operations officer and deposit operations supervisor with the bank.
The U.S. Attorney's Office for the Middle District of Tennessee accuses Crawford of taking the funds between 2009 and 2011. The government is seeking forfeiture of the money; the offense carries a maximum fine of $1 million and 30 years in prison.
A former official from the now-defunct Tennessee Commerce Bank was indicted Thursday on a single charge of embezzlement, according to federal court documents.
Lisa Crawford Justice is accused of stealing more than $100,000 from the Franklin-based bank, which earlier this year became Tennessee's first bank failure in the wake of the Great Recession.
In 2008, Crawford was named operations officer and deposit operations supervisor with the bank.
The U.S. Attorney's Office for the Middle District of Tennessee accuses Crawford of taking the funds between 2009 and 2011. The government is seeking forfeiture of the money; the offense carries a maximum fine of $1 million and 30 years in prison.
Sunday, September 12, 2010
Former bank teller in Trenton, Tennessee indicted on theft charge by federal grand jury
A federal grand jury in Jackson has indicted a former Trenton bank teller accused of stealing funds.The Jackson Sun reported that Megan N. Barron is accused of taking $2,700 from Farmer's and Merchants Bank in Trenton while working as a teller from April through November of 2009.The U.S. District Court Clerk's Office said Barron is charged with theft, embezzlement or misapplication by a bank officer.Reached by telephone in Jackson on Wednesday, Barron's attorney Mark Donahoe said he is working with prosecutors and he anticipates the case will be resolved to the satisfaction of the government and his client.
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