Former Bank Fraud Prevention Manager Sentenced for Embezzlement
BIRMINGHAM – A federal judge Monday sentenced a Hoover woman to one month in prison for embezzling from the bank where she worked as fraud prevention manager and ordered the woman to repay the bank $50,378, announced U.S. Attorney Joyce White Vance and U.S. Secret Service Special Agent in Charge Roy Sexton.
U.S. District Judge Virginia Emerson Hopkins sentenced REGINA STEWART, 49, to the one month in custody, plus five months home detention, for embezzling from Nexity Bank, now known as AloStar Bank of Commerce, in Jefferson County. Stewart pleaded guilty in March 2011 to two counts of embezzlement by a bank employee and agreed to forfeit $45,745 to the government as proceeds of illegal activity.
According to court records, Stewart embezzled the money by fraudulently redeeming certificates of deposit held by two clients of the bank.
The Secret Service investigated the case. Assistant U.S. Attorney Davis A. Barlow prosecuted the case.
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The Office of U.S. Attorney
Joyce White Vance
Natural Disaster Fraud Hotline
Members of the public can report fraud, waste, abuse or allegations of mismanagement involving disaster relief operations through the Hotline, toll free, at (866) 720-5721 or the Disaster Fraud e-mail at firstname.lastname@example.org. Please see the News Release Justice Department Officials Raise Awareness of Disaster Fraud Hotline