News and Press Releases

Rockland Woman Pleads Guilty to Bank Fraud

FOR IMMEDIATE RELEASE
August 20, 2013

Contact: Donald E. Clark
Assistant United States Attorney
Tel: (207) 780-3257

Portland, Maine: United States Attorney Thomas E. Delahanty II announced that Shauna
Quinn, 44, of Rockland, Maine, pled guilty today in United States District Court before Judge
George Z. Singal to a bank fraud charge.

According to court records, the defendant worked at Rockland Savings Bank, in
Rockland, Maine as a collections manager. Between July 2008 and June 2011, she created home
equity lines of credit and a share loan in the names of her family members and had more than
$400,000 in funds improperly withdrawn from those loans.

A forensic review by the Federal Bureau of Investigation (FBI) of the unauthorized
activity posted under defendant’s teller ID number for the period from July 2008 to June 2011
revealed that the defendant misappropriated more than $400,000 through improper advances on
loans and lines of credit that were not authorized by the Bank and agreed to by the borrower. The
defendant perpetrated the scheme by increasing the authorized amounts of lines of credit without
approval, changing customers’ mail addresses without consent, improperly posting transactions
and creating fictitious loan documents. The fraud was concealed by the defendant who used loan
advances to make payments on other loans in order to keep them current.

Quinn faces a sentence of up to 30 years of imprisonment and a fine of up to twice the
gain or loss. She will be sentenced after the completion of a presentence investigation report by
the United States Probation Office.

The investigation was conducted by the FBI.

 

 

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