A former financial institution govt is going through many years behind bars for abusing her place to embezzle greater than 1,000,000 {dollars}.
The U.S. Legal professional’s Workplace for the Western District of Missouri says Stacia Wilson has pleaded responsible to 1 depend of financial institution fraud.
Wilson, who labored as vp at St. Clair County State Financial institution in Osceola, Missouri, has admitted to defrauding the financial institution and its prospects in a scheme to complement herself to the tune of $1.528 million.
The FBI and the Federal Deposit Insurance coverage Company say Wilson exploited her authority as a mortgage processor to create false and fictitious loans utilizing financial institution prospects’ data with out their data and consent.
Prosecutors say that Wilson arrange the loans utilizing the financial institution’s laptop methods earlier than redirecting the funds for her personal profit.
Below the circumstances of the plea settlement, Wilson is required to return the whole thing of the funds that she stole to the federal government. She’s additionally going through a most of 30 years in jail with out parole beneath federal statutes.
Wilson can be scheduled for sentencing after the US Probation Workplace completes its pre-sentence investigation.
St. Clair County State Financial institution is a business financial institution with greater than $200 million in belongings.
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