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

Woman sentenced to one day for bank fraud

December 28, 2010
Total Loss: $100,000

A Harnett County woman was sentenced to a day in federal prison and ordered to repay more than $100,000 after pleading guilty to bank fraud, according to court records. Karen Pope Ferguson was sentenced Dec. 15 at a federal courthouse in Greenville by Senior Judge Malcolm J. Howard. A former loan officer, Ferguson altered bank documents to funnel a line of home equity to herself, according to investigators. She was charged following a probe by the U.S. Secret Service.

Source: The Fayetteville Observer
Posted in: Internal Fraud