Warren Woman Charged with Defrauding Home Savings Bank

Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, today announced that a federal grand jury sitting in Cleveland, Ohio, returned a one-count indictment charging Tammy L. Morgan, age 42, of Warren, Ohio, with executing a scheme to defraud Home Savings Bank by obtaining monies, funds, credits, assets, securities, and other property owned by Home Savings Bank.

It was part of the scheme that on multiple occasions from September 9, 2008, through on or about January 13, 2009, Ms. Morgan made unauthorized withdrawals from bank customers’ accounts and certificates of deposit without their knowledge or authorization. As a result of the Ms. Morgan’s fraudulent conduct, Home Savings Bank sustained a loss totaling approximately $29,900.

If convicted, the defendant’s sentence will be determined by the court after review of factors unique to this case, including the defendant’s prior criminal record, if any, the defendant’s role in the offense and the characteristics of the violations. In all cases the sentences will not exceed the statutory maximum and in most cases it will be less than the maximum.

The investigation preceding the indictment was conducted by the Federal Bureau of Investigation - Youngstown Resident Office. The matter was presented to the grand jury by Assistant United States Attorney David M. Toepfer.

An indictment is only a charge and is not evidence of guilt. A defendant is entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt.