Former Credit Union Employee Indicted for Embezzling Funds from Pantex Federal Credit Union

AMARILLO, Texas — A federal grand jury returned an indictment last week charging a former employee of the Pantex Federal Credit Union in Borger, Texas, with embezzlement, announced John Parker, United States Attorney for the Northern District of Texas.

Dorothy Stegall Barnes, a/k/a “Dorothy Stegall Newman,” 56, is charged with one count of embezzlement from a federally insured credit union.  She made her initial appearance in federal court today. Barnes entered a plea of not guilty, a trial date will be set at a later date.

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.

A federal indictment is an accusation by a grand jury and a defendant is entitled to the presumption of innocence unless proven guilty.  If convicted, however, the maximum statutory penalty for this offense is 30 years in federal prison and a $1 million fine.  Restitution may also be ordered.

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

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