Dothan Woman Pleads Guilty to Embezzlement
Woman Embezzles over $57,000 from Regions Bank
|U.S. Attorney’s Office July 29, 2010|
MONTGOMERY, AL—Reba Glover Scott, age 59, pled guilty today before United States Magistrate Judge Charles S. Coody to a one-count felony information charging her with embezzling funds from Regions Bank (“Regions”), in violation of Title 18, United States Code, Section 656, U.S. Attorney Leura G. Canary announced today.
According to the plea agreement, Regions employed Scott as a commercial loan assistant in Dothan. Between July 2006 and December 2008, Scott embezzled approximately $57,809.31 from Regions. She accomplished this by making deposits to her own Regions account while simultaneously causing debits to be posted to certain Regions general ledger accounts. To conceal her conduct, Scott used blank deposit slips to make the deposits, on which she would write her account number and the name of a business. On the debit slip, she would make notations such as “recording fee,” “appraisal fee,” or “mortgage tax.”
When she is sentenced this fall by United States District Judge W. Harold Albritton, Scott faces a statutory maximum sentence of 30 years’ imprisonment, a term of supervised release of no more than five years, a fine of up to $1,000,000 (or, if greater, twice the loss to PSB), and an order of restitution. Judge Coody released Scott on a $25,000 unsecured bond pending sentencing.
The case was investigated by the Federal Bureau of Investigation and was prosecuted by Assistant U.S. Attorney Andrew O. Schiff.