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Sirens & Gavels

Posts tagged: Bank of America

Bank manager sentenced for $400k theft

A woman who embezzled  $400,000 from the bank she managed in North Idaho for 12 years is to spend 2 1/2 years in prison.

Mary Ann Head, 59, was sentenced today in U.S. District Court in Coeur d'Alene after pleading guilty in December to making false entries in the books and records of a federally insured financial institution - Bank of America in Hayden Lake.

In addition to 30 months in prison, Head will be on probation for five years after prison and is to pay $400,000 restitution and perform 100 hours of community service.

Head began misappropriating ATM funds in 1997 to cover overdraft fees for a longtime customer, according to court documents.

The man never repaid her the $100,000, starting a series of financial discrepancies that soon became a routine way for Head to pay her credit card debt.

Head lived with heavy stress for years as she deceived the bank, but that “pales in comparison to the enormous shame and sadness that weighs upon her.”

Head was caught in December 2009 when the bank installed a new ATM.

Her life has since unraveled.

“She has lost all of her friends as news of her case spread through the community,” according to her sentencing memorandum. She has sold her home in an effort to have money to pay toward restitution and currently lives in a motel…Her husband has moved to New Mexico to look for work and left her alone in Idaho to wait for sentencing.”

Head had no criminal history when she began stealing money from the bank. She has two children ages 37 and 23 and married her husband, Ricky Head, in 1972. She started at the bank as a part-time teller in 1993 and has never worked anywhere else, according to court documents.

Ex-bank manager admits $400k theft

A North Idaho woman who embezzled from the bank she worked at for more than a decade has been ordered to pay $400,000 in restitution.

Mary A. Head, 58, pleaded guilty Wednesday to making false entries in the books and records of a federally insured financial institution.

Head faces up to 30 years in prison, a $1 million fine and five years of probation when she's sentenced Feb. 27 by U.S. District Judge Edward Lodge in Coeur d'Alene. She is not in custody.

Head worked at Bank of America, 162 W. Hayden Ave. in Hayden Lake, from 1993 to 2009 and was the assistant branch manager and banking center manager.

In 1997 she was given control of the ATM and charged with balancing the machine on a regular basis. That's when she started taking money from the ATM “and used it for a variety of purposes,” according to a grand jury indictment filed in March.

In September 2009, Head's control over the ATM changed because the bank installed a new imaging machine. Three months later, she was confronted about discrepancies in the books, records and ATM statements and admitted embezzling money.

Feds: Ex-bank manager embezzled $500k

A former North Idaho bank manager is accused of stealing $514,000 over a 12-year period.

Mary A. Head is charged with false entries, a federal felony that carries a maximum 30 years in prison.

Head worked at Bank of America, 162 W. Hayden Ave. in Hayden Lake, from 1993 to 2009 and was the assistant branch manager and banking center manager.

In 1997 she was given control of the ATM and charged with balancing the machine on a regular basis. That's when she started taking money from the ATM “and used it for a variety of purposes,” according to the indictment.

In September 2009, Head's control over the ATM changed because the bank installed a new imaging machine. Three months later, she was confronted about discrepancies in the books, records and ATM statements and admitted embezzling more than $500,000, according to the indictment.

Along with the criminal charge, Head is being asked to forfeit the stolen money. She is not in custody.

A smiliar indictment was returned Thursday in U.S. District Court in Spokane. 

Melissa K. Garcia is accused of stealing $5,000 from U.S. Bank in Othello in July 2006. She's charged with bank embezzlement, which carries a maximum 30 years in prison.

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