Bank Employee Pleads Guilty To Embezzling $100K

KALAMAZOO (AP) – A former teller and supervisor at a West Michigan bank faces up to 30 years in federal prison after pleading guilty to stealing more than $100,000 from customers.

The Kalamazoo Gazette says Tammy Lynn Lumbard pleaded guilty Monday in U.S. District Court in Grand Rapids to one felony count of bank embezzlement.

Federal investigators say Lumbard stole $108,630 between 2010 and 2011 from Huntington Bank customer accounts by preparing checks that were payable to “cash” and forging customer signatures.  She was fired in October 2010.

As part of a plea agreement she signed last month, Lumbard has agreed to make full restitution to Huntington Bank.

Lumbard is free on $10,000 bond. Sentencing has not been scheduled.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


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