News and Press Releases

Rockland Woman Sentenced to 33 Months for Bank Fraud

FOR IMMEDIATE RELEASE
December 11, 2013

Contact: Donald E. Clark
Assistant U.S. Attorney
Tel: (207) 780-3257

Portland, Maine: United States Attorney Thomas E. Delahanty II announced that Shauna L.
Quinn, 45, of Rockland, Maine, was sentenced today in United States District Court by Judge
George Singal to 33 months in prison and ordered to pay $538,795 in restitution for bank
fraud. Quinn pled guilty to the charge on August 20, 2013.

The defendant was employed by Rockland Saving Bank between 2000 and June 2011. In
May 2007, Quinn became the bank’s collections manager. Between July 2008 and June 2011,
Quinn misappropriated $538,795 of bank funds through improper advances on loans and lines of
credit that were not authorized by the Bank and agreed to by the borrower, all of whom were
family members. Of that amount, over $295,000 was transferred to banks she controlled and
spent by her. Quinn’s fraud was concealed by her scheme to use ever increasing loan advances
to make payments on other fraudulent loans in order to keep them current.

This case was investigated by the Federal Bureau of Investigation.

 

 

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