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Press Release

Former Credit Union Employee Admits Embezzling Funds from Pantex Federal Credit Union

For Immediate Release
U.S. Attorney's Office, Northern District of Texas

AMARILLO, Texas — Dorothy Stegall Barnes, a/k/a “Dorothy Stegall Newman,” 56, appeared in federal court today and pleaded guilty to one count of embezzlement from a federally insured credit union, announced John Parker, United States Attorney for the Northern District of Texas.

Barnes, faces a maximum statutory penalty of 30 years in federal prison, a $1 million fine and a 5 years of supervised release.  U.S. Magistrate District Judge Clinton Averitte ordered a presentence investigation report with a sentencing date of December 8, 2015. 

The indictment alleges that from approximately September 1996 through December 2010, Barnes, the Assistant Vice-President of Teller Operations at the Pantex Federal Credit Union, embezzled approximately $826,000 from the credit union.

The FBI and Borger Police Department investigated.  Assistant U.S. Attorney Tim Hammer is prosecuting.

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Updated September 30, 2015
Topic
Financial Fraud
Component
USAO - Texas, Northern

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