Former Bank Employee Convicted of Stealing Funds Held in Trust
April 21, 2011
Total Loss:
$95,000
A former administrative assistant in the Trust Department of a Galveston branch of Frost Bank has been convicted of bank fraud, United States Attorney José Angel Moreno announced today.
Michele Lauryn Osteen, 27, of Houston, pleaded guilty today to bank fraud before United States District Judge Lynn N. Hughes. Osteen was accused of defrauding Frost Bank, an FDIC-insured depository institution, by stealing approximately $95,000 in funds from trusts it administered between June 23, 2008, and June 16, 2010.
Source:
FBI
Posted in:
Deposit Account Fraud
Check Fraud