Former Credit Union Employee Admits Embezzling Funds from Pantex Federal Credit Union
AMARILLO, TX—Dorothy Stegall Barnes, a/k/a “Dorothy Stegall Newman,” 56, appeared in federal court today and pleaded guilty to one count of embezzlement from a federally insured credit union, announced John Parker, United States Attorney for the Northern District of Texas.
Barnes, faces a maximum statutory penalty of 30 years in federal prison, a $1 million fine and a five years of supervised release. U.S. Magistrate District Judge Clinton Averitte ordered a presentence investigation report with a sentencing date of December 8, 2015.
The indictment alleges that from approximately September 1996 through December 2010, Barnes, the Assistant Vice-President of Teller Operations at the Pantex Federal Credit Union, embezzled approximately $826,000 from the credit union.
The FBI and Borger Police Department investigated. Assistant U.S. Attorney Tim Hammer is prosecuting.