Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 40 | NO. 15 | Friday, April 8, 2016

Former bank employee admits to stealing more than $130,000

Print | Front Page | Email this story

NASHVILLE (AP) - Federal prosecutors say a former bank employee has admitted to embezzling more than $130,000 in a fraudulent loan scheme.

Officials say 47-year-old Sheila Burns, of Waverly, pleaded guilty this week to one count of embezzling funds from FirstBank. Prosecutors say she admitted to stealing the money by falsifying loan documents and by modifying existing loans using the names of various bank customers and forging their signatures on loan documents.

Authorities say the former loan assistant used the money to pay for bills, personal expenses and to pay down credit card debt.

Prosecutors say Burns faces up to 30 years in prison and a fine of up to $1 million and will be ordered to pay restitution to the bank.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0