Former Loan Supervisor Arrested in Bank Fraud Scheme
Allegedly Stole Over $234,000 from Credit Union Where She Worked
Greenbelt, Maryland - Felicia Renee Douglas, age 40, of Upper Marlboro, Maryland, was arrested today after being indicted on September 10, 2008 for bank fraud, embezzlement and aggravated identity theft, announced United States Attorney for the District of Maryland Rod J. Rosenstein. Douglas is scheduled to have her initial appearance at 1:00 p.m. today before U.S. Magistrate Judge William Connelly in U.S. District Court in Greenbelt.
According to the 18 count indictment, Douglas was employed as a loan supervisor at a credit union that had offices in Bladensburg and Greenbelt, Maryland. The indictment alleges that from January 2001 until November 2005, Douglas authorized and caused to be created false checking and share accounts, loans, lines of credit (“LOC”), and credit card accounts in the names of at least five credit union customers, using their personal identifying information without their knowledge or consent, and manipulated customers’ existing LOC and credit card accounts to increase credit limits, also without their knowledge or consent.
The indictment charges that Douglas obtained approximately $234,897 from the unauthorized loans, LOC, and credit card accounts, via transfers, withdrawals, draws upon LOC, cashier’s checks, and credit card advances, and used those funds for her personal benefit, including obtaining cashier’s checks she deposited into accounts in her name and the name of her business, “East West Management,” and to pay her credit card bills. According to the indictment, Douglas concealed her conduct by using a portion of the proceeds of the scheme to repay some of the loans, LOC, and credit card accounts from which she previously had obtained funds; by backdating transactions and changing terms, such as due dates, on the loans, LOC and credit cards accounts; and by altering mailing instructions on the accounts to prevent statements and notifications from being sent to the victim customers.
Douglas faces a maximum sentence of 30 years in prison on each of 11 counts of bank fraud; 30 years in prison for each of four counts of embezzlement; and two years in prison, consecutive to any other sentence, for each of three counts of aggravated identity theft.
An indictment is not a finding of guilt. An individual charged by indictment is presumed innocent unless and until proven guilty at some later criminal proceedings.
United States Attorney Rod J. Rosenstein thanked the Federal Bureau of Investigation for its investigative work. Mr. Rosenstein commended Assistant United States Attorney Stacy Dawson Belf, who is prosecuting the case.