A former bank executive is facing decades behind bars for abusing her position to embezzle more than a million dollars.
The U.S. Attorney’s Office for the Western District of Missouri says Stacia Wilson has pleaded guilty to one count of bank fraud.
Wilson, who worked as vice president at St. Clair County State Bank in Osceola, Missouri, has admitted to defrauding the bank and its customers in a scheme to enrich herself to the tune of $1.528 million.
The FBI and the Federal Deposit Insurance Corporation say Wilson exploited her authority as a loan processor to create false and fictitious loans using bank customers’ information without their knowledge and consent.
Prosecutors say that Wilson set up the loans using the bank’s computer systems before redirecting the funds for her own benefit.
Under the conditions of the plea agreement, Wilson is required to return the entirety of the funds that she stole to the government. She’s also facing a maximum of 30 years in prison without parole under federal statutes.
Wilson will be scheduled for sentencing after the United States Probation Office completes its pre-sentence investigation.
St. Clair County State Bank is a commercial bank with more than $200 million in assets.
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