Sheila
Wright Faces Possible 30-Year Prison Term
LYNCHBURG, VA—A former branch manager of
a local bank pleaded guilty this afternoon in the United States District Court
for the Western District of Virginia in Lynchburg to a charge of embezzlement.
Sheila Marie Wright, 52, previously of
Lynchburg, Virginia, waived her right to be indicted and pleaded guilty this
afternoon to one count of obtaining monies under the custody and control of
financial institutions by means of false and fraudulent pretenses. Wright also
agreed to pay restitution in the amount of $429,030 to her victims.
According to evidence presented at
today’s guilty plea hearing by Assistant United States Attorney Jennie Waering,
Wright worked as the branch manager of the Bank of the James branch located in
Lynchburg from October 2000 to April 2009. During her time at Bank of the
James, Wright operated a scheme in which she stole money from several bank
customers. Typically, Wright generated a fraudulent cashier’s check in the
victim account holder’s name, with which she subsequently used to liquidate the
account by cashing or causing another cashier’s check to be generated.
Wright, who has admitted to using much
of the money she stole to feed her gambling habit, stole more than $364,000
from seven Bank of the James customers, many of whom were elderly or widowed.
The investigation of the case was
conducted by the Federal Bureau of Investigation. Assistant United States
Attorney Jennie L.M. Waering is prosecuting the case for the United States.
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