Bank Employee Pleads Guilty to Fraud Charge

MONTGOMERY, AL—Christopher Todd Jones, 30 years old, of Montgomery, Alabama, pled guilty today before United States Magistrate Judge Wallace Capel, Jr. to a one-count information charging Jones, a former employee of First Tuskegee Bank, with bank fraud, announced George L. Beck, Jr., United States Attorney for the Middle District of Alabama.

Jones admitted that while an employee of First Tuskegee Bank, he set up fictitious credit card accounts which he used to steal approximately $580,000 from First Tuskegee Bank. Jones faces a potential sentence of not more than 30 years’ imprisonment, a fine of not more than $1,000,000, and not more than five years of supervised release.

This case was investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Brandon K. Essig and Assistant U.S. Attorney Donald G. Valeska.