Former Credit Union Employee Admits Embezzling Funds from Pantex Federal Credit Union

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Former Credit Union Employee Admits Embezzling Funds from Pantex Federal Credit Union

The following press release was published by the U.S. Department of Justice, Office of the United States Attorneys on Sept. 30, 2015. It is reproduced in full below.

AMARILLO, Texas - Dorothy Stegall Barnes, a/k/a “Dorothy Stegall Newman," 56, appeared in federal court today and pleaded guilty to one count of embezzlement from a federally insured credit union, announced John Parker, United States Attorney for the Northern District of Texas.

Barnes, faces a maximum statutory penalty of 30 years in federal prison, a $1 million fine and a 5 years of supervised release. U.S. Magistrate District Judge Clinton Averitte ordered a presentence investigation report with a sentencing date of December 8, 2015.

The indictment alleges that from approximately September 1996 through December 2010, Barnes, the Assistant Vice-President of Teller Operations at the Pantex Federal Credit Union, embezzled approximately $826,000 from the credit union.

The FBI and Borger Police Department investigated. Assistant U.S. Attorney Tim Hammer is prosecuting.

Source: U.S. Department of Justice, Office of the United States Attorneys

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