FOR IMMEDIATE RELEASE	CONTACT: Lauren Horwood
March 29, 2011	PHONE: (916) 554-2706
www.usdoj.gov/usao/cae	usacae.edcapress@usdoj.gov
Docket #: 2:11-CR-141 GEB

SACRAMENTO, Calif.-- United States Attorney Benjamin B. Wagner announced today that  Laura Vannoy, 57, formerly of Red Bluff, was arrested on Friday after a federal grand jury returned a ten-count indictment charging her with bank fraud.  Vannoy was arraigned before United States Magistrate Judge Gregory G. Hollows in Sacramento on Monday, March 28, 2011.  Her next scheduled court appearance will be May 6, 2011, before United States District Judge Garland E. Burrell, Jr.

This case is the product of a joint investigation by the City of Redding Police and the Federal Bureau of Investigation.  Assistant United States Attorney Matthew Morris is prosecuting the case.

The indictment alleges that over a five year period Vannoy stole checks made out to others and deposited them into her personal account before withdrawing the funds for her own use.

If convicted, the maximum statutory penalty for a violation of bank fraud is thirty years in prison and a one million dollar fine.  The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.

The charges are only allegations and the defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.

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