DALLAS — A federal grand jury returned
an indictment last week, unsealed today, charging a former LegacyTexas Bank
employee with embezzlement. U.S. Attorney John Parker of the Northern
District of Texas made today’s announcement.
The two-count indictment charges Susann
Nelson, 54, of Greenville, Texas, with one count of bank theft, embezzlement,
or misapplication and one count of fraud and false statements in bank entries,
reports, and transactions. Nelson surrendered to federal authorities and
made her initial appearance in federal court yesterday.
According to the indictment, between 1999 and 2015, Nelson was an employee of
LegacyTexas Bank in Richardson, Texas. Starting sometime in 2006 and
continuing until 2015, Nelson managed the central vault, where she maintained
control over the amount of cash in the LegacyTexas Bank’s vault on a daily
basis, including ordering cash from the Federal Reserve Bank and other
financial institutions and documenting the receipt of cash into the bank’s
books and records.
The indictment alleges, starting in January 2010 and continuing until February
10, 2015, Nelson embezzled cash from cash deposits from the Federal Reserve
Bank and made false entries in the books and records of the bank in order to
conceal the embezzled cash. Nelson also engaged in a scheme in which
successive cash purchases were misapplied to prior cash purchases in order to
hide the embezzlement of money.
A federal indictment is an accusation by a
grand jury and a defendant is entitled to the presumption of innocence unless
proven guilty. If convicted, however, counts carry a maximum statutory
penalty of 30 years in federal prison and a $250,000 fine. Restitution
may also be ordered.
The Federal Deposit Insurance Corporation
Office of Inspector General and Federal Bureau of Investigation are
investigating the case. Deputy Criminal Chief Assistant U.S. Attorney J.
Nicholas Bunch is in charge of the prosecution.