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Justice News

Department of Justice
U.S. Attorney’s Office
Eastern District of Texas

FOR IMMEDIATE RELEASE
Wednesday, March 27, 2019

Saginaw Woman Sentenced to Federal Prison for Theft of nearly $1 million from Jewish Federation

FORT WORTH, Texas – A 64-year-old Saginaw, Texas woman has been sentenced to federal prison for bank fraud, announced Eastern District of Texas U.S. Attorney Joseph D. Brown.

                Laurie Ann Reese pleaded guilty on July 18, 2018, to bank fraud and was sentenced to 36 months in federal prison by U.S. District Judge Terry R. Means on Mar. 26, 2019.  Reese was also ordered to pay restitution in the amount of $992,854.02.     

According to information presented in court, between Jan. 6, 2013, and April 19, 2018, Reese, while a controller for the Jewish Federation of Fort Worth and Tarrant County (JFFWTC), devised and executed a scheme to make approximately 326 checks payable to herself from the JFFWTC bank accounts.  Reese spent hundreds of thousands of dollars on the Home Shopping Network and QVC.

                          This case was investigated by the Federal Bureau of Investigation and prosecuted by Eastern District of Texas Assistant U.S. Attorney Christopher A. Eason.

 

Topic(s): 
Financial Fraud
Component(s): 
Updated March 28, 2019