A federal judge has sentenced a former Huntington National Bank Weston branch manager to three years and one month in prison for stealing customer deposits.
Deborah D. Radcliff, 51, of Weston, pleaded guilty in July to one count of embezzlement by a bank employee of more than $1,000 and one count of structuring deposit amounts to evade federal reporting requirements. Radcliff structured transactions to cause the bank to fail to file a currency transaction report for transactions of $10,000 or more. Radcliff issued or directed cashier's checks from funds withdrawn from customer accounts issued in the name of the customer, according to the U.S. Attorney's office. Radcliff would take possession of the cashier's check, forge the name of the depositor and cash the checks for her personal benefit.
Chief Judge John Preston Bailey ordered Radcliff to pay a minimum of $100 a month restitution to repay the $247,249.88 she embezzled. Following her prison sentence, Radcliff will be placed on three years of supervised release. "Ms. Radcliff preyed upon her most vulnerable customers at the bank in order to line her own pockets," said U.S. Attorney William J. Ihlenfeld, II, "Anyone who targets the elderly in a scheme like this deserves a significant punishment like the one imposed by the court."
Radcliff is free on bond. She will report to federal prison in February.
Showing posts with label west virginia. Show all posts
Showing posts with label west virginia. Show all posts
Wednesday, December 25, 2013
Former Weston Bank Manager Sentenced on Embezzlement Charge
A federal judge has sentenced a former Huntington National Bank Weston branch manager to three years and one month in prison for stealing customer deposits.
Deborah D. Radcliff, 51, of Weston, pleaded guilty in July to one count of embezzlement by a bank employee of more than $1,000 and one count of structuring deposit amounts to evade federal reporting requirements. Radcliff structured transactions to cause the bank to fail to file a currency transaction report for transactions of $10,000 or more. Radcliff issued or directed cashier's checks from funds withdrawn from customer accounts issued in the name of the customer, according to the U.S. Attorney's office. Radcliff would take possession of the cashier's check, forge the name of the depositor and cash the checks for her personal benefit.
Chief Judge John Preston Bailey ordered Radcliff to pay a minimum of $100 a month restitution to repay the $247,249.88 she embezzled. Following her prison sentence, Radcliff will be placed on three years of supervised release. "Ms. Radcliff preyed upon her most vulnerable customers at the bank in order to line her own pockets," said U.S. Attorney William J. Ihlenfeld, II, "Anyone who targets the elderly in a scheme like this deserves a significant punishment like the one imposed by the court."
Radcliff is free on bond. She will report to federal prison in February.
Deborah D. Radcliff, 51, of Weston, pleaded guilty in July to one count of embezzlement by a bank employee of more than $1,000 and one count of structuring deposit amounts to evade federal reporting requirements. Radcliff structured transactions to cause the bank to fail to file a currency transaction report for transactions of $10,000 or more. Radcliff issued or directed cashier's checks from funds withdrawn from customer accounts issued in the name of the customer, according to the U.S. Attorney's office. Radcliff would take possession of the cashier's check, forge the name of the depositor and cash the checks for her personal benefit.
Chief Judge John Preston Bailey ordered Radcliff to pay a minimum of $100 a month restitution to repay the $247,249.88 she embezzled. Following her prison sentence, Radcliff will be placed on three years of supervised release. "Ms. Radcliff preyed upon her most vulnerable customers at the bank in order to line her own pockets," said U.S. Attorney William J. Ihlenfeld, II, "Anyone who targets the elderly in a scheme like this deserves a significant punishment like the one imposed by the court."
Radcliff is free on bond. She will report to federal prison in February.
Former Weston Bank Manager Sentenced on Embezzlement Charge
A federal judge has sentenced a former Huntington National Bank Weston branch manager to three years and one month in prison for stealing customer deposits.
Deborah D. Radcliff, 51, of Weston, pleaded guilty in July to one count of embezzlement by a bank employee of more than $1,000 and one count of structuring deposit amounts to evade federal reporting requirements. Radcliff structured transactions to cause the bank to fail to file a currency transaction report for transactions of $10,000 or more. Radcliff issued or directed cashier's checks from funds withdrawn from customer accounts issued in the name of the customer, according to the U.S. Attorney's office. Radcliff would take possession of the cashier's check, forge the name of the depositor and cash the checks for her personal benefit.
Chief Judge John Preston Bailey ordered Radcliff to pay a minimum of $100 a month restitution to repay the $247,249.88 she embezzled. Following her prison sentence, Radcliff will be placed on three years of supervised release. "Ms. Radcliff preyed upon her most vulnerable customers at the bank in order to line her own pockets," said U.S. Attorney William J. Ihlenfeld, II, "Anyone who targets the elderly in a scheme like this deserves a significant punishment like the one imposed by the court."
Radcliff is free on bond. She will report to federal prison in February.
Deborah D. Radcliff, 51, of Weston, pleaded guilty in July to one count of embezzlement by a bank employee of more than $1,000 and one count of structuring deposit amounts to evade federal reporting requirements. Radcliff structured transactions to cause the bank to fail to file a currency transaction report for transactions of $10,000 or more. Radcliff issued or directed cashier's checks from funds withdrawn from customer accounts issued in the name of the customer, according to the U.S. Attorney's office. Radcliff would take possession of the cashier's check, forge the name of the depositor and cash the checks for her personal benefit.
Chief Judge John Preston Bailey ordered Radcliff to pay a minimum of $100 a month restitution to repay the $247,249.88 she embezzled. Following her prison sentence, Radcliff will be placed on three years of supervised release. "Ms. Radcliff preyed upon her most vulnerable customers at the bank in order to line her own pockets," said U.S. Attorney William J. Ihlenfeld, II, "Anyone who targets the elderly in a scheme like this deserves a significant punishment like the one imposed by the court."
Radcliff is free on bond. She will report to federal prison in February.
Saturday, September 28, 2013
Woman faces embezzlement charges in West Virginia
A woman accused of stealing $5,000 from an area credit union appeared in Hancock County Magistrate Court on Friday.
Marsha Ford, 59, of New Cumberland, was charged earlier this month on one count of embezzlement, a felony, for allegedly taking $5,000 in cash from her employer, First Choice America Community Federal Credit Union in Chester. Ford was an assistant branch manager at the Chester location.
Ford came under suspicion after $5,000 turned up missing from the credit union's vault on May 3, according to a criminal complaint filed by West Virginia State Police Cpl. L.M. Roberts.
Ford and two other managers were questioned about the missing money, and all three denied taking it, the complaint said. The vault is a dual control area in which no one person is supposed to disburse cash without a second person being present, the complaint said.
On the day the money turned up missing, that protocol was not followed, the complaint said. There was no surveillance camera footage of the vault on that day either, the complaint said.
Ford allegedly confessed to the theft in a meeting with state police on Sept. 9, saying she was having financial difficulties at home, the complaint said. She said she was sorry and would pay it back, according to the complaint.
Ford is free on a $5,000 surety bond and had a pre-trial conference before Magistrate Michael Powell on Friday
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Marsha Ford, 59, of New Cumberland, was charged earlier this month on one count of embezzlement, a felony, for allegedly taking $5,000 in cash from her employer, First Choice America Community Federal Credit Union in Chester. Ford was an assistant branch manager at the Chester location.
Ford came under suspicion after $5,000 turned up missing from the credit union's vault on May 3, according to a criminal complaint filed by West Virginia State Police Cpl. L.M. Roberts.
Ford and two other managers were questioned about the missing money, and all three denied taking it, the complaint said. The vault is a dual control area in which no one person is supposed to disburse cash without a second person being present, the complaint said.
On the day the money turned up missing, that protocol was not followed, the complaint said. There was no surveillance camera footage of the vault on that day either, the complaint said.
Ford allegedly confessed to the theft in a meeting with state police on Sept. 9, saying she was having financial difficulties at home, the complaint said. She said she was sorry and would pay it back, according to the complaint.
Ford is free on a $5,000 surety bond and had a pre-trial conference before Magistrate Michael Powell on Friday
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Wednesday, July 17, 2013
Sentencing For Former Charleston Bank Executive Wednesday
The former executive of a Charleston-based Chase Bank could be heading to prison for embezzlement.
Mark Alan McCoy, of Charleston, will be sentenced at 11 a.m. Wednesday in U.S. District Court in Charleston by U.S. District Judge Irene Berger for embezzling more than $500,000 from his employer.
The 46 year old worked as the vice president of private client banking services at the bank's Charleston branch from September 2008 until June 2012.
While employed, McCoy stole around $532,395 belonging to Chase Bank from approximately nine separate personal and corporate bank clients’ accounts.
From November 30, 2009 through April 19, 2012, he created cashier’s checks for himself or would use the proceeds from the original cashier’s checks to create additional unauthorized checks.
McCoy previously pleaded guilty in March to embezzlement by a bank officer. He faces up to up to 30 years in prison and a fine of up to $1 million for the crime.
Friday, July 5, 2013
W.Va. bank manager who stole mostly from senior has pleaded guilty to embezzling $247K
A former manager of Huntington National Bank's Weston branch has pleaded guilty to embezzling more than $247,000, mostly from senior citizens.
Fifty-one-year-old Deborah Radcliff of Weston appeared Wednesday before U.S. Magistrate John Kaull in Clarksburg.
U.S. Attorney William Ihlenfeld says she pleaded guilty to embezzlement and one count of illegally structuring funds between July 2011 and November 2012.
Investigators say Radcliff cut cashier's checks various accounts then forged depositor's names and cashed them.
Ihlenfeld says the victims were older, between 56 and 90 years old. Only one was under 64.
Ihlenfeld says Radcliff made sure the checks were for less than $10,000 and therefore not subject to a reporting mechanism. She also cashed them on different days.
Radcliff faces up to 40 years and a $1.5 million fine when sentenced.
As part of the plea bargain, Assistant U.S. Attorney John C. Parr agreed to recommend a lesser sentence if he is convinced that Radcliff accepts responsibility for her actions.
The court is not bound by the government’s recommendations, according to the plea agreement.
Radcliff was branch manager of the Lewis County bank during the embezzlement, which occurred between July 1, 2011, and Nov. 5, 2012, according to court documents.
The amount embezzled came to $247,249, and the depositors whose accounts were affected ranged in age from 56 to 90, according to the documents.
Radcliff used her position “to issue or direct to be issued cashier’s checks from funds withdrawn from depositors’ accounts issued in the name of the depositor,” a federal grand jury found in May.
She “would take possession of the cashier’s check, forge the name of the depositor and cash the checks for her own personal benefit,” grand jurors alleged.
The structuring count alleges that Radcliff artificially kept bank transactions under $10,000 to evade reporting requirements.
Friday, May 10, 2013
Bank Employee Indicted for Embezzlement of Nearly $250,000 in West Virginia
United States Attorney William J. Ihlenfeld, II, announced that Deborah D. Radcliff, age 41, of Weston, West Virginia, was named in an eight-count Indictment charging her with one count of embezzlement by a bank employee and seven counts of structuring.
According to the indictment, while serving as the branch manager of the Weston branch bank of Huntington National Bank from July 1, 2011 to November 5, 2012, Radcliff embezzled and misapplied $247,249.88 from depositors’ accounts and engaged in acts of structuring to cause the bank to fail to file a currency transaction report for currency transactions of $10,000 or more. To execute the scheme, Radcliff utilized her position as branch manager to issue or direct to be issued cashier’s checks from funds withdrawn from depositors’ accounts issued in the name of the depositor. Radcliff would take possession of the cashier’s check, forge the name of the depositor, and cash the checks for her own personal benefit. The ages of the alleged victims ranged from 56 to 90 years, with all but one alleged victim 64 years or older.
The indictment also seeks the forfeiture of a money judgment of the $247,249.88. If convicted, Radcliff faces up to 30 years’ imprisonment and a $1,000,000 fine on the embezzlement count and up to 10 years’ imprisonment and a $500,000 fine on each of the structuring counts. This case will be prosecuted by Assistant United States Attorney John C. Parr and was investigated by the Federal Bureau of Investigation.
Wednesday, March 27, 2013
Former Charleston bank executive pleads guilty to embezzlement in West Virginia
The former executive of a Charleston-based J.P. Morgan Chase Bank who admitted to embezzling more than $500,000 from his employer pleaded guilty Tuesday in federal court.
According to a release from U.S. Attorney Booth Goodwin’s Office, Mark Alan McCoy, 46, of Charleston, pleaded guilty to embezzlement by a bank officer.
From September 2008 until June 2012, McCoy was the vice president of private client banking services at the bank’s Charleston branch.
McCoy admitted in court to stealing monies belonging to Chase Bank during his employment, from approximately nine separate personal and corporate bank clients’ accounts. The illegal activity took place from November 30, 2009 through April 19, 2012.
McCoy also admitted that he created cashier’s checks for himself or would use the proceeds from the original cashier’s checks to create additional unauthorized checks.
McCoy further admitted to creating an unauthorized cashier’s check on January 19, 2011 from a client’s corporate bank account for $59,000, with the check made payable to Moses automotive dealership. He said he then took the cashier’s check and purchased a Cadillac Escalade with the proceeds.
In addition, McCoy also admitted to creating another unauthorized cashier’s check from a client account for $22,000. He said he deposited that check into another client’s account for payment for a 1968 Chevrolet Camaro.
In all, McCoy admitted to taking around $532,395.59 of monies from Chase Bank. The actual loss to Chase Bank, after accounting for funds that the defendant deposited into client accounts and other funds that the bank was able to recover, is $447,784.45.
McCoy faces up to 30 years in prison and a fine of up to $1 million when he is sentenced on July 17.
Saturday, March 9, 2013
Tuesday, February 5, 2013
Former Chase Bank exec charged with embezzlement in West Virginia on February 4, 2013
A former Charleston-based Chase Bank executive has been charged with embezzlement by a bank employee, U.S. Attorney Booth Goodwin announced.
According to a court document filed Monday, Mark McCoy, 46, of Charleston, was charged with embezzling thousands of dollars from his employer.
McCoy worked as the vice president of private client banking services at the bank's Charleston branch from September 2008 until June 2012.
According to an information filed yesterday, during his employment at Chase Bank, McCoy embezzled thousands of dollars of funds belonging to Chase Bank.
McCoy faces up to 30 years in prison and a fine of up to $1 million.
According to a court document filed Monday, Mark McCoy, 46, of Charleston, was charged with embezzling thousands of dollars from his employer.
McCoy worked as the vice president of private client banking services at the bank's Charleston branch from September 2008 until June 2012.
According to an information filed yesterday, during his employment at Chase Bank, McCoy embezzled thousands of dollars of funds belonging to Chase Bank.
McCoy faces up to 30 years in prison and a fine of up to $1 million.
Sunday, February 27, 2011
Former Credit Union CEO Sentenced to Nine Years’ Imprisonment in West Virginia
United States Attorney William J. Ihlenfeld, II, announced that BERNIE D. METZ, who served as the chief executive officer and manager of the Center Valley Federal Credit Union, was sentenced today to 108 months’ imprisonment to be followed by five years’ supervised release by Judge Frederick P. Stamp, Jr. in United States District Court in Wheeling. The court also ordered METZ to pay restitution in the amount of $4,657,869.00 to the National Credit Union Administration and $200,000.00 to The Benevolent and Protective Order of Elks Lodge 2029 from North Canton, Ohio.
U.S. Attorney Ihlenfeld also stated that as part of the sentence handed down by the court, METZ must forfeit all remaining property seized from her at the time of her arrest and acquired by her during the time of her scheme, including: the Roadworthy Tavern and Resort in West Liberty; $14,036.75 in funds seized from bank accounts; and several vehicles.
“The prison sentence imposed today upon Bernie Metz brings an end to her sophisticated scheme to defraud the Center Valley Federal Credit Union and its members,” said USA Ihlenfeld. “She embezzled millions of dollars over the past 10 years and used the credit union as her own personal piggy bank. Due to the convictions obtained in this matter, her opulent lifestyle has ended. Things will be much different for Bernie Metz behind bars, and she will no longer enjoy the life of luxury to which she had become accustomed.”
METZ, age 57, previously entered guilty pleas on January 4, 2010, to two counts of an information charging her with embezzlement and money laundering. At the time Metz pled guilty, the government presented evidence that an audit conducted by the National Credit Union Administration revealed that millions of dollars in funds were missing from the credit union in January of 2009. As a result of the discrepancy, the credit union was liquidated in February of 2009, and a criminal investigation was commenced into METZ’s activities by the Internal Revenue Service and the Federal Bureau of Investigation.
At the time she entered her guilty plea last January, the government presented evidence detailing the various methods used by METZ over the years to embezzle funds from the credit union and appropriate them to her own use. United States Attorney Ihlenfeld urged the court today to consider the scope of the crime and its devastating impact upon the credit union members and their families as well as upon the community at large. Ihlenfeld told the court that his office has personally met with credit union members who believe they were victimized by the defendant’s crimes, or have unresolved issues and financial losses with respect to their credit union accounts.
“While a number of former credit union members chose to meet with me and my staff in person to discuss their issues, I know that there are many more similarly situated people who still are having problems with their credit union accounts, whether they are upside down on their automobile loans or they feel they are being unfairly harassed by collection calls,” said U.S. Attorney Ihlenfeld. “My message to those people is to make sure that they fully explore all of their rights under state and federal law, and to make sure that their legal rights are not being violated in any way.”
METZ is free on bond pending placement at a Bureau of Prisons facility.
Along with Ihlenfeld, the case was prosecuted by Assistant United States Attorneys Robert H. McWilliams, Jr. and Michael D. Stein. The case was investigated by the Internal Revenue Service - Criminal Investigation Division, the Federal Bureau of Investigation, and the United States Marshals Service.
U.S. Attorney Ihlenfeld also stated that as part of the sentence handed down by the court, METZ must forfeit all remaining property seized from her at the time of her arrest and acquired by her during the time of her scheme, including: the Roadworthy Tavern and Resort in West Liberty; $14,036.75 in funds seized from bank accounts; and several vehicles.
“The prison sentence imposed today upon Bernie Metz brings an end to her sophisticated scheme to defraud the Center Valley Federal Credit Union and its members,” said USA Ihlenfeld. “She embezzled millions of dollars over the past 10 years and used the credit union as her own personal piggy bank. Due to the convictions obtained in this matter, her opulent lifestyle has ended. Things will be much different for Bernie Metz behind bars, and she will no longer enjoy the life of luxury to which she had become accustomed.”
METZ, age 57, previously entered guilty pleas on January 4, 2010, to two counts of an information charging her with embezzlement and money laundering. At the time Metz pled guilty, the government presented evidence that an audit conducted by the National Credit Union Administration revealed that millions of dollars in funds were missing from the credit union in January of 2009. As a result of the discrepancy, the credit union was liquidated in February of 2009, and a criminal investigation was commenced into METZ’s activities by the Internal Revenue Service and the Federal Bureau of Investigation.
At the time she entered her guilty plea last January, the government presented evidence detailing the various methods used by METZ over the years to embezzle funds from the credit union and appropriate them to her own use. United States Attorney Ihlenfeld urged the court today to consider the scope of the crime and its devastating impact upon the credit union members and their families as well as upon the community at large. Ihlenfeld told the court that his office has personally met with credit union members who believe they were victimized by the defendant’s crimes, or have unresolved issues and financial losses with respect to their credit union accounts.
“While a number of former credit union members chose to meet with me and my staff in person to discuss their issues, I know that there are many more similarly situated people who still are having problems with their credit union accounts, whether they are upside down on their automobile loans or they feel they are being unfairly harassed by collection calls,” said U.S. Attorney Ihlenfeld. “My message to those people is to make sure that they fully explore all of their rights under state and federal law, and to make sure that their legal rights are not being violated in any way.”
METZ is free on bond pending placement at a Bureau of Prisons facility.
Along with Ihlenfeld, the case was prosecuted by Assistant United States Attorneys Robert H. McWilliams, Jr. and Michael D. Stein. The case was investigated by the Internal Revenue Service - Criminal Investigation Division, the Federal Bureau of Investigation, and the United States Marshals Service.
Sunday, February 6, 2011
Former bank employee accused in major embezzlement scheme in West Virginia
A former employee of the BB&T bank branch on Charleston's West Side has been indicted by a federal grand jury of embezzling a large amount of money from the financial facility.
Bonnie Jean Bain, 59, who worked as a teller supervisor, allegedly stole the money from at least May 2004 to October 2007, according to the indictment.
The grand jury charges that Bain, a Belle resident, intentionally made numerous false entries in the books and records designed to conceal cash shortages and prevent those shortages from being discovered.
The indictment says Bain falsified cash in and cash out tickets, falsified cash reconcilement reports and falsified teller drawer and vault daily cash balancing reports.
Assistant U.S. Attorney Susan Robinson would not detail how much money Bain allegedly embezzled. But she pointed out that incorrect reports of cash made by Bain involve millions of dollars.
According to a long list of false entries included in the indictment, Bain made false cash balancing records concerning foreign currency, unfit and mutilated bills in teller drawers and the bank vault.
She also used false reports of pennies, $1 dollar bills and $2 dollar bills.
The indictment reads, "(Bonnie Bain) did knowingly make materially false entries.... in the books, reports and statements of BB&T, when in fact as defendant Bonnie Jean Bain well knew, these entries did not represent the actual currency as stated in the report."
The indictment lists 26 instances of reports made by Bain over a three-year period. Each involves between $1 million and $1.9 million in cash.
She is charged with 26 counts of embezzlement. If found guilty, Bain could be sentenced to 30 years and/or a $1 million fine for each count.
Bain was investigated by the United States Secret Service.
David White, BB&T Corp.'s vice president of corporate communications said, "Because this is now pending litigation, I cannot comment on it. I can confirm that she was a teller supervisor at BB&T."
Bain will be arraigned before a U.S. District Judge on Feb
Bonnie Jean Bain, 59, who worked as a teller supervisor, allegedly stole the money from at least May 2004 to October 2007, according to the indictment.
The grand jury charges that Bain, a Belle resident, intentionally made numerous false entries in the books and records designed to conceal cash shortages and prevent those shortages from being discovered.
The indictment says Bain falsified cash in and cash out tickets, falsified cash reconcilement reports and falsified teller drawer and vault daily cash balancing reports.
Assistant U.S. Attorney Susan Robinson would not detail how much money Bain allegedly embezzled. But she pointed out that incorrect reports of cash made by Bain involve millions of dollars.
According to a long list of false entries included in the indictment, Bain made false cash balancing records concerning foreign currency, unfit and mutilated bills in teller drawers and the bank vault.
She also used false reports of pennies, $1 dollar bills and $2 dollar bills.
The indictment reads, "(Bonnie Bain) did knowingly make materially false entries.... in the books, reports and statements of BB&T, when in fact as defendant Bonnie Jean Bain well knew, these entries did not represent the actual currency as stated in the report."
The indictment lists 26 instances of reports made by Bain over a three-year period. Each involves between $1 million and $1.9 million in cash.
She is charged with 26 counts of embezzlement. If found guilty, Bain could be sentenced to 30 years and/or a $1 million fine for each count.
Bain was investigated by the United States Secret Service.
David White, BB&T Corp.'s vice president of corporate communications said, "Because this is now pending litigation, I cannot comment on it. I can confirm that she was a teller supervisor at BB&T."
Bain will be arraigned before a U.S. District Judge on Feb
Sunday, November 14, 2010
Woman charged with embezzlement in West Virginia
A Morgantown woman was arrested by the Monongalia County Sheriff 's Department on a felony embezzlement charge after allegedly taking more than $1,000 from her employer, BB&T Bank.
Tiffany J. White, 24, was arraigned Wednesday in Monongalia County Magistrate Court and bail was set at $5,000.
White allegedly took the money in 2009 while working as a bank employee, according to the criminal complaint.
Sheriff Al Kisner said White worked at several local BB&T branches. She was a vault teller during her time with the company.
He declined to reveal the exact amount she embezzled and how she did it, because the information could be used during a criminal trial. He said he didn't want to influence the jury before a trial.
The bank reported the embezzlement to the sheriff 's department after it was discovered during an audit, Kisner said.
The department based its charges on bank audits, White's confession and money turned over to bank authorities during a surprise audit, according to the criminal complaint.
If convicted, White faces a minimum of 10 years in prison.
Tiffany J. White, 24, was arraigned Wednesday in Monongalia County Magistrate Court and bail was set at $5,000.
White allegedly took the money in 2009 while working as a bank employee, according to the criminal complaint.
Sheriff Al Kisner said White worked at several local BB&T branches. She was a vault teller during her time with the company.
He declined to reveal the exact amount she embezzled and how she did it, because the information could be used during a criminal trial. He said he didn't want to influence the jury before a trial.
The bank reported the embezzlement to the sheriff 's department after it was discovered during an audit, Kisner said.
The department based its charges on bank audits, White's confession and money turned over to bank authorities during a surprise audit, according to the criminal complaint.
If convicted, White faces a minimum of 10 years in prison.
Sunday, October 17, 2010
Woman Gets Probation in West Virginia Embezzlement Case
A Glen Dale woman who embezzled more than $40,000 from BB&T bank in Moundsville was placed on three years probation Friday for her crime.Marshall County Circuit Judge Mark A. Karl handed down the sentence to Connie Derrow, 64, despite the prosecution requesting she be incarcerated for her crime.
Derrow pleaded guilty in July to embezzling $44,000.75 from the BB&T bank on Jefferson Avenue. According to the criminal complaint, Derrow worked there as a vault teller and was responsible for receiving cash deposits from area businesses.The embezzlement occurred over five months between October 2008 and February 2009. A coworker reported Derrow to bank officials after discovering suspicious receipts Derrow had processed.During an internal investigation, it was discovered Derrow would steal money from the cash deposits and process the money as if it had been deposited, the complaint states. When questioned about the missing funds, Derrow reportedly said she had used the money at Wheeling Island Hotel-Casino-Racetrack and planned to pay it back after she "hit the jackpot."Derrow spoke of her gambling addiction Friday, telling Karl she believed it is a shame that gambling came to the area in the first place."I am still struggling with it," she said.Though she had paid about $4,000 in restitution to the bank prior to a hearing in September, Derrow has not made payments since then. Derrow admitted to Karl that in the past few months she had attempted to acquire money to pay restitution by gambling. Marshall County Assistant Prosecutor Eric Gordon said though BB& officials had said they preferred restitution over jail time for Derrow, they were not opposed to time being imposed and he requested that Derrow serve time.However, in handing down the sentence, Karl said Derrow's age and lack of criminal history was reason enough to allow her to remain free and on probation.''I can't in good conscience put her in a penitentiary,'' he said.Karl sentenced Derrow to one to 10 years in jail, suspended for three years probation. Along with the regular stipulations of probation, Derrow must seek employment within the next 30 days and provide proof to the court.
Derrow pleaded guilty in July to embezzling $44,000.75 from the BB&T bank on Jefferson Avenue. According to the criminal complaint, Derrow worked there as a vault teller and was responsible for receiving cash deposits from area businesses.The embezzlement occurred over five months between October 2008 and February 2009. A coworker reported Derrow to bank officials after discovering suspicious receipts Derrow had processed.During an internal investigation, it was discovered Derrow would steal money from the cash deposits and process the money as if it had been deposited, the complaint states. When questioned about the missing funds, Derrow reportedly said she had used the money at Wheeling Island Hotel-Casino-Racetrack and planned to pay it back after she "hit the jackpot."Derrow spoke of her gambling addiction Friday, telling Karl she believed it is a shame that gambling came to the area in the first place."I am still struggling with it," she said.Though she had paid about $4,000 in restitution to the bank prior to a hearing in September, Derrow has not made payments since then. Derrow admitted to Karl that in the past few months she had attempted to acquire money to pay restitution by gambling. Marshall County Assistant Prosecutor Eric Gordon said though BB& officials had said they preferred restitution over jail time for Derrow, they were not opposed to time being imposed and he requested that Derrow serve time.However, in handing down the sentence, Karl said Derrow's age and lack of criminal history was reason enough to allow her to remain free and on probation.''I can't in good conscience put her in a penitentiary,'' he said.Karl sentenced Derrow to one to 10 years in jail, suspended for three years probation. Along with the regular stipulations of probation, Derrow must seek employment within the next 30 days and provide proof to the court.
Thursday, October 7, 2010
Falling Waters, West Virginia man accused of embezzling money
A 22-year-old Falling Waters, W.Va., man is accused of embezzling $5,500 from a woman’s bank account while he worked as a teller at the Inwood, W.Va., branch of BB&T, according to court records.
Cody Allen Seibert, of 35 Galbus Court, was arraigned Wednesday on one felony count of embezzlement by Berkeley County Magistrate Sandra L. Miller, according to court records. Berkeley County Sheriff’s Deputy Michael St. Clair found the defendant used the woman’s money he took June 30 to buy a 1998 Kawasaki motorcycle for $3,400 and a laptop computer from Best Buy, according to court records.Seibert’s girlfriend told police that Seibert was making $500 payments on the motorcycle and that the laptop was from a friend, according to court records. His girlfriend, however, told police that she later found a receipt indicating that the laptop was actually purchased at Best Buy, according to court records. Kelly Lupis, a bank fraud investigator for BB&T, told police that Seibert changed his story about how he handled a supposed request by the victim to withdraw $5,500 from her account, according to court records. Lupis indicated the transaction, as Seibert explained it, would have been nearly impossible to complete in less than two minutes and between two other transactions, according to court records. Seibert also would not have had enough $100 bills in his drawer to complete the transaction as he had claimed and would have had to use $20 bills, Lupis told police, according to court records. The motorcycle owner told police that Seibert paid him for the bike with $20 bills, according to court records. Seibert is no longer employed by BB&T.
Cody Allen Seibert, of 35 Galbus Court, was arraigned Wednesday on one felony count of embezzlement by Berkeley County Magistrate Sandra L. Miller, according to court records. Berkeley County Sheriff’s Deputy Michael St. Clair found the defendant used the woman’s money he took June 30 to buy a 1998 Kawasaki motorcycle for $3,400 and a laptop computer from Best Buy, according to court records.Seibert’s girlfriend told police that Seibert was making $500 payments on the motorcycle and that the laptop was from a friend, according to court records. His girlfriend, however, told police that she later found a receipt indicating that the laptop was actually purchased at Best Buy, according to court records. Kelly Lupis, a bank fraud investigator for BB&T, told police that Seibert changed his story about how he handled a supposed request by the victim to withdraw $5,500 from her account, according to court records. Lupis indicated the transaction, as Seibert explained it, would have been nearly impossible to complete in less than two minutes and between two other transactions, according to court records. Seibert also would not have had enough $100 bills in his drawer to complete the transaction as he had claimed and would have had to use $20 bills, Lupis told police, according to court records. The motorcycle owner told police that Seibert paid him for the bike with $20 bills, according to court records. Seibert is no longer employed by BB&T.
Thursday, March 18, 2010
Former Marshall County, West Virginia Credit Union Employee Accused of Embezzlement
A Moundsville woman accused of stealing money from the Marshall County Federal Credit Union has been indicted on seven counts of embezzlement. Shelley Guthrie allegedly took the money from December 2008 to August 2009, according to investigators.
No word on how much money was actually missing from the credit union
No word on how much money was actually missing from the credit union
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