A former bank manager faces decades behind bars for abusing her position to embezzle more than $1 million.
The U.S. Attorney’s Office for the Western District of Missouri says Stacia Wilson has pleaded guilty to one count of bank fraud.
Wilson, who worked as a vice president at St. Clair County State Bank in Osceola, Missouri, has admitted to defrauding the bank and its customers in a scheme to enrich himself to the tune of $1.528 million.
The FBI and the Federal Deposit Insurance Corporation say Wilson exploited her authority as a loan processor to create false and fictitious loans using bank customers’ information without their knowledge and consent.
Prosecutors say Wilson set up the loans using the bank’s computer systems before funneling the money to her own benefit.
Under the terms of the settlement, Wilson is required to return all of the money she stole to the government. Under federal law, she also faces up to 30 years in prison without parole.
Wilson will be sentenced after the U.S. Probation Office completes its pre-sentence investigation.
St. Clair County State Bank is a commercial bank with more than $200 million in assets.
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