PITTSBURGH - A resident of Butler, Pennsylvania, has been indicted by a federal grand jury in Pittsburgh on a charge of embezzling from a federally insured bank, Acting United States Attorney Soo C. Song announced today.
The one-count indictment, returned on Feb. 14, 2017, named Keith A. Simpson, 59, of Butler, Pennsylvania, as the sole defendant.
According to the indictment, Simpson, while serving as Chief Accounting Officer of West View Savings Bank, embezzled approximately $41,806.90 from West View Savings Bank during the period from April 2014 to April 2016.
The law provides for a maximum total sentence of thirty years in prison, a fine of $1,000,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.
Assistant United States Attorneys David Lew and Lee J. Karl are prosecuting this case on behalf of the government.
The Federal Deposit Insurance Corporation conducted the investigation leading to the indictment in this case.
An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.
Source: U.S. Department of Justice, Office of the United States Attorneys
