A federal judge has sentenced a former employee of Teche Federal Bank in New Iberia, La., to 27 months in prison for embezzling over $387,000 between June 2008 and January 2011.
On Wednesday, U.S. District Judge Rebecca Doherty also ordered Brandy Z. Rogers to pay restitution in the amounts of $75,000 to Teche Federal Bank and $283,697 to Progressive Casualty Insurance, which covered the cost of the bank’s losses.
The Advocate reports prosecutors alleged Rogers deposited some of the money into a bank account she opened under a false name and social security number. They said she also processed loans in the names of bank customers without their knowledge, then issued and forged cashier’s checks in their names.
Was this article valuable?
Here are more articles you may enjoy.
LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims
Cape Cod Faces Highest Snow Risk as New Coastal Storm Forms
Portugal Rolls Out $2.9 Billion Aid as Deadly Flooding Spreads
Founder of Auto Parts Maker Charged With Fraud That Wiped Out Billions