Federal Judge Sentences Former Bank Officer to 29 Months in Prison for Fraud
December 6, 2011
Total Loss:
$1.4 Million
A federal judge today sentenced a former vice president at a northwest Alabama bank to two years and five months in prison for fraud that cost a small, locally owned bank more than $1.4 million in uncollectible loans over six years, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Patrick J. Maley.
U.S. District Judge Karon O. Bowdre sentenced DWAYNE CHARLES HOLCOMBE on one count of bank fraud and three counts of false entry in bank records. Holcombe, 50, pleaded guilty to the charges in July. The judge also ordered him to pay $1.3 million in restitution and to forfeit that same amount to the government.
Source:
FBI
Posted in:
Internal Fraud
Deposit Account Fraud