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Justice News

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

FOR IMMEDIATE RELEASE
Wednesday, August 5, 2015

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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Topic(s): 
Financial Fraud
Component(s): 
Updated August 5, 2015