Banker admits to stealing $826K from Pantex Federal Credit Union
AMARILLO, TEXAS -- A former assistant vice president of teller operations at Pantex Federal Credit Union has pleaded guilty to embezzling $826,000.
Dorothy Stegall Barnes, 56, pleaded guilty on Tuesday to stealing from the federally insured credit union for Pantex Plant. Barnes took the money over a 14-year period, from September 1996 to November 2010.
The missing funds were initially noticed in October 2014, when Barnes told the credit union president another teller had quit. She was assigned to count that teller’s vault and reported the vault was short $380,000. In the ensuing audit, it was discovered that Barnes transferred $826,000 to her vault. She admitted to that transfer, but not to the transfer of $380,000.
“There was another lady up there who had evidently engaged in a similar type of practice,” said William Kelly, Barnes’ attorney. “I don’t know where her case is.”
Read more: http://amarillo.com/news/latest-news/2015-09-30/banker-admits-stealing-826k
Cross-posted in the Texas Group.
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