Former Copiah Bank Employee Sentenced for Federal Bank Fraud
August 2, 2010
Total Loss:
$250,000
Lindsay Welch, 33, a former account service representative at Copiah Bank in Hazlehurst, Mississippi, was sentenced today in federal court to 27 months in prison, followed by 5 years of supervised release, and ordered to pay $250,000.00 in victim restitution, U.S. Attorney Donald R. Burkhalter and FBI Special Agent in Charge Daniel McMullen announced.
Welch pled guilty to federal bank fraud on September 30, 2009. It was revealed at the guilty plea that Welch had utilized her position as bookkeeper at Copiah Bank from April 2008 through November 2009 to manipulate the bank's computer system in order to increase her home equity line of credit from $15,000.00 to $350,000.00 without obtaining permission or consent.
Source:
FBI - Jackson
Posted in:
Internal Fraud