Former Bank Branch Manager Pleads Guilty in Federal Court to Embezzling Nearly $250,000
|U.S. Attorney’s Office July 03, 2013|
CLARKSBURG, WV—United States Attorney William J. Ihlenfeld, II announced that Deborah D. Radcliff, age 51, of Weston, West Virginia, a former branch manager of the Weston branch of Huntington National Bank, entered pleas of guilty on July 3, 2013, before Magistrate Judge John S. Kaull. Radcliff entered pleas of guilty to one count of embezzlement by a bank employee and one count of structuring.
During the period July 1, 2011, to November 5, 2012, while serving as the branch manager, Radcliff embezzled and misapplied $247,249.88 from depositors’ accounts and engaged in acts of structuring to cause the bank to fail to file a Currency Transaction Report for currency transactions of $10,000 or more. To execute the scheme, Radcliff utilized her position as branch manager to issue or direct to be issued cashier’s checks from funds withdrawn from depositors’ accounts issued in the name of the depositor. Radcliff would take possession of the cashier’s check, forge the name of the depositor, and cash the checks for her own personal benefit. The ages of the alleged victims ranged from 56 to 90 years, with all but one alleged victim 64 years or older. As a branch bank manager, Radcliff was aware of banking rules and regulations requiring banks to file reports for single financial transactions of more than $10,000. To conceal her embezzlement from the customer’s account, she would have multiple cashier’s checks issued for less than $10,000, which she would cash on different days. On one of those instances, Radcliff withdrew $16,407.96 from an 84-year-old customer’s account on May 2, 2012, splitting the embezzlement into two separate cashier’s checks in the amount of $8,203.98, and then cashed one of the checks that day and the other five days later.
Radcliff, who is free on bond pending sentencing, faces up to 40 years’ imprisonment, a $1,500,000 fine, and an order of restitution of $247,249.88.
Huntington National Bank has restored all of the customers’ money to their accounts. The case was prosecuted by Assistant United States Attorney John C. Parr and investigated by the Federal Bureau of Investigation and Internal Revenue Service, with cooperation from the Huntington National Bank’s Corporate Security Office.