Bank Manager Pleads Guilty to Embezzling Over $50,000 from Gaithersburg Bank
Electronically Transferred Bank Funds Into Her or a Family Member’s Personal Account; Theft Discovered After a Routine Nationwide Audit
| U.S. Attorney’s Office November 03, 2011 |
GREENBELT, MD—Norma Talley-Maccow, age 47, of Gaithersburg, pleaded guilty today to embezzlement by a bank employee.
The guilty plea was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; and Special Agent in Charge Richard A. McFeely of the Federal Bureau of Investigation.
According to her plea agreement, Talley-Maccow was the assistant branch manager for the Montgomery Village branch of Citibank in Gaithersburg. Pursuant to a nationwide Citibank audit on March 23, 2010, the cash count audit for the Montgomery Village branch revealed that the teller cash box assigned to Talley-Maccow was short by $30,782.28. Bank investigators interviewed Talley-Maccow and she admitted that she had embezzled funds from the branch using her teller cash box. Talley-Maccow further stated that she logged into the bank’s computer system as a teller, processed electronic transactions and then made offsetting electronic deposits into her own personal Citibank bank account.
The Montgomery Village branch’s general ledger revealed that from January 12, 2009 until March 22, 2010, Talley-Maccow transferred relatively small amounts of money several times a month, ranging from $20 to $600, to either her personal Citibank bank account or to a Citibank bank account of one of her family members. On one occasion she transferred $1,500 to her personal Citibank bank account. She also fraudulently transferred funds from the ledger to make payments to her corporate credit card account, which included charges for personal expenses. The total amount she embezzled was $54,251.28.
Talley-Maccow faces a maximum sentence of 30 years in prison. U.S. District Judge J. Frederick Motz scheduled her sentencing for February 3 , 2012 at 10:00 a.m.
This law enforcement action is part of President Barack Obama’s Financial Fraud Enforcement Task Force. President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes.
United States Attorney Rod J. Rosenstein thanked the FBI for its work in the investigation and praised Assistant U.S. Attorney Christen A. Sproule, who is prosecuting the case.