Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

Duo Charged with Stealing Nearly $13,000,000 in Embezzlement Scheme

November 12, 2009
Total Loss: $13 million
DONNA WHITE, age 46, a resident of Avondale, Louisiana, and DANIEL KINNEY, age 44, a resident of Whitesville, Kentucky, were charged in a one-count bill of information with mail fraud, announced U.S. Attorney Jim Letten. The bill of information alleges that from approximately August 1995 until approximately October 29, 2007, WHITE and KINNEY entered into a scheme to steal checks and funds belonging to J.W. Stone, and depositing the funds into their personal accounts at Mississippi River Bank, Regions Bank, Kentucky Trust Bank, and J.P. Morgan Chase Bank, in order to divert to their personal benefit the stolen funds. The bill alleges that the defendants stole nearly $13,000,000.
Source: FBI
Posted in: Check Fraud
Tags: internalcheckddaover 10m