William Guy Paul Sentenced in U.S. District Cour
The United States Attorney's Office announced that during a federal court session in Billings, on May 26, 2010, before Chief U.S. District Judge Richard F. Cebull, WILLIAM GUY PAUL, a 44-year-old resident of Billings, appeared for sentencing. PAUL was sentenced to a term of:
- Prison: 4 months
- Home Confinement: 4 months home detention following prison term
- Special Assessment: $100
- Fine: $5,000
- Supervised Release: 3 years
PAUL was sentenced in connection with his guilty plea to bank embezzlement.
In an Offer of Proof filed by Assistant U.S. Attorney Ryan M. Archer, the government stated it would have proved at trial the following:
PAUL was the President of the Downtown Branch of Yellowstone Bank in Billings. He also oversaw the Yellowstone Bank in Bozeman. PAUL's duties included supervising approximately seven employees, bringing in new bank customers, issuing loans, and essentially running all aspects of the Downtown Branch.
In 2008 and 2009, PAUL used his position to embezzle funds from the bank for his own personal use and benefit. In early June 2009, Yellowstone Bank discovered over $7,000 had not been paid to a bank customer. The customer sold real estate in February 2009, and due to a timing difference with their loan payment, they overpaid the bank $7,244.12. On February 11, 2009, PAUL created a Yellowstone Bank cashier's check payable to the customer for $7,244.12. But PAUL never gave the check to the customer. Instead, the check sat until May 15, 2009, when PAUL used the funds to make a payment on his personal credit card, deposited $2,000 of it in his personal savings account, and took some more in cash.
Further investigation revealed that in addition to stealing these funds, PAUL took just over $10,000 from the bank in 2008. PAUL deposited these funds into his personal bank account.
In all, Yellowstone Bank suffered a $17,284.12 loss due to PAUL's conduct. In conversations with the bank, PAUL admitted to improperly taking the money. He was terminated from the bank on June 9, 2009, as a result of this conduct.
Because there is no parole in the federal system, the "truth in sentencing" guidelines mandate that PAUL will likely serve all of the time imposed by the court. In the federal system, PAUL does have the opportunity to earn a sentence reduction for "good behavior." However, this reduction will not exceed 15% of the overall sentence.
The investigation was conducted by the Federal Bureau of Investigation.