Home New Orleans Press Releases 2010 Union Bank Employee Sentenced for Bank Embezzlement
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Union Bank Employee Sentenced for Bank Embezzlement
Nearly $1 Million in Unauthorized Withdrawals Made by Bank Employee

U.S. Attorney’s Office January 08, 2010
  • Western District of Louisiana (318) 676-3641

ALEXANDRIA, LA—A former Union Bank employee was sentenced to 27 months in federal prison for making $962,740 in unauthorized withdrawals over and six-and-a-half-year period, United States Attorney Donald W. Washington announced today. Nancy Baudin Lemoine, 54, of Marksville, La., was also sentenced to three years of supervised release, 100 hours of community service, and was ordered to pay restitution to The Union Bank in the amount of $284,911.27. The sentence was imposed by U.S. District Judge Dee D. Drell.

According to court testimony, an investigation was initiated by The Union Bank after a customer questioned the balance of a certificate of deposit at the Alexandria branch. After an in-depth investigation by the bank, it was discovered that for six-and-a-half years, Lemoine had been making unauthorized withdrawals from CD accounts. She monitored the CD accounts for maturity dates, in order to replace what had been taken by making additional unauthorized withdrawals from various other CD accounts. Lemoine was fired from The Union Bank in February 2008.

This case was investigated by the Federal Bureau of Investigation and was prosecuted by AUSA Cytheria D. Jernigan.

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