Banker Pleads Guilty to Embezzlement
U.S. Attorney Kenneth A. Polite announced that FRANCES CARRINGTON, age 70, a resident of Ponchatoula, pled guilty today to a one-count Bill of Information for bank larceny.
According to court documents, CARRINGTON, who was employed as a branch operations officer at First Guaranty Bank in Ponchatoula, attempted to steal nearly $65,000, belonging to and in the care, custody, and control of First Guaranty Bank, a bank whose deposits are insured by the Federal Deposit Insurance Corporation.
CARRINGTON faces a maximum term of imprisonment of ten years, a fine of $250,000 and three years of supervised release following any term of imprisonment. U.S. District Judge Carl J. Barbier set sentencing for May 14, 2015.
U.S. Attorney Polite praised the work of the Federal Bureau of Investigation in investigating this matter. Assistant U.S. Attorney Jon Maestri is in charge of the prosecution.