A former financial institution government is dealing with many years behind bars for abusing her place to embezzle greater than one million {dollars}.
The U.S. Legal professional’s Workplace for the Western District of Missouri says Stacia Wilson has pleaded responsible to 1 rely of financial institution fraud.
Wilson, who labored as vice chairman at St. Clair County State Financial institution in Osceola, Missouri, has admitted to defrauding the financial institution and its clients in a scheme to counterpoint herself to the tune of $1.528 million.
The FBI and the Federal Deposit Insurance coverage Company say Wilson exploited her authority as a mortgage processor to create false and fictitious loans utilizing financial institution clients’ info with out their information and consent.
Prosecutors say that Wilson arrange the loans utilizing the financial institution’s pc techniques earlier than redirecting the funds for her personal profit.
Underneath the situations of the plea settlement, Wilson is required to return the whole lot of the funds that she stole to the federal government. She’s additionally dealing with a most of 30 years in jail with out parole underneath federal statutes.
Wilson can be scheduled for sentencing after the USA Probation Workplace completes its pre-sentence investigation.
St. Clair County State Financial institution is a business financial institution with greater than $200 million in belongings.
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