Malvern Woman Sentenced to 6 Months in Federal Prison for Bank Embezzlement Charge

COUNCIL BLUFFS, Iowa – A Malvern, IA woman was sentenced on April 25, 2024, to 6 months in federal prison for Embezzlement by a Bank Employee.

According to public court documents and evidence presented at sentencing, Mackenzie Ann Meggison, 37, was employed as a mortgage loan officer at Malvern Bank and was also the treasurer for the Malvern Area Betterment Association (MABA) who maintained their accounts at Malvern Bank. Using her position at the bank, from July – October, 2020, Meggison conducted 57 unauthorized transactions on four separate MABA accounts totaling at least $66,175.42.

After completing her term of imprisonment, Meggison will be required to serve 3 years of supervised release. There is no parole in the federal system. Meggison was also ordered to pay $66,175.42 in restitution.

United States Attorney Richard D. Westphal of the Southern District of Iowa made the announcement. This case was investigated by Federal Bureau of Investigation.