Former Credit Union Teller Sentenced for Theft
| U.S. Attorney’s Office August 26, 2009 |
TEXARKANA, TX—U.S. Attorney John M. Bales announced today that a 35-year-old Hooks, Texas woman has been sentenced for embezzling credit union funds in the Eastern District of Texas.
WENDY RENEE McDONALD pleaded guilty on May 18, 2009, to embezzling funds from the Texar Federal Credit Union and was sentenced to one day in federal prison and five years supervised release today by U.S. District Judge David Folsom. McDonald was also ordered to pay restitution in the amount of $52,696.50 to Texar Federal Credit Union.
According to information presented in court, from Sept. 1, 2007 through Oct. 24, 2008, McDonald was employed as a bank teller for Texar Federal Credit Union in Hooks, Texas, Texarkana, Texas, and Texarkana, Arkansas. During this time, McDonald embezzled from the Credit Union by creating fraudulent loans and using the proceeds of those loans for her personal benefit. As a result of this scheme, McDonald embezzled $52,696.50 from the Texar Federal Credit Union. McDonald was indicted by a federal grand jury on Mar. 4, 2009.
This case was investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Denise O. Simpson.