Senior VP of Blair County Bank Admits Submitting False Expense Reports
JOHNSTOWN, Pa. - A resident of Hollidaysburg, Pa., pleaded guilty in federal court to a charge of misapplication of funds by a bank employee, United States Attorney David J. Hickton announced today.
Timothy C. Nagle, 53, pleaded guilty to the indictment before United States District Judge Kim R. Gibson.
In connection with the guilty plea, from Oct. 3, 2010, to Jan. 2014, Nagle, a Senior Vice President at First National Bank, in Hollidaysburg, Pa., submitted approximately 24 false expense reports, thereby receiving money he was not entitled to.
Judge Gibson scheduled sentencing for April 28, 2016, at 10:00 a.m. The law provides for a maximum total sentence of 30 years in prison, a fine of $1,000,000 or both. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.
Assistant United States Attorney John J. Valkovci, Jr., is prosecuting this case on behalf of the government.
The Laurel Highlands Resident Agency of the Federal Bureau of Investigation conducted the investigation that led to the prosecution of Nagle.