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Tuesday, September 29, 2009

Grand jury indicts bank manager for identity theft

A federal grand jury has indicted Anita Fincher, a now former bank manager from Mobile, Alabama, for aggravated identity theft, bank fraud and theft by a bank employee. Fincher was able to steal more than $800,000 from her customers using a complex scheme of transactions, using transfers from all types of customers' accounts, including CDs, checking, saving, credit lines and money market accounts. Fincher transferred the funds to other people's accounts, even some held by her family members, before eventually accessing the funds. She apparently hoped to hide her crime using the convoluted transfers.

But it didn't work. She now faces a maximum sentence of 30 years behind bars.

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