Lock Haven Woman Indicted for Embezzlement and Fraud at Bank
A Lock Haven woman was indicted this week by a federal grand jury with bank fraud, embezzlement by a bank employee, and interstate transportation of stolen property.
According to United States Attorney Bruce D. Brandler, Jolene Edwards, 38, worked as a customer service representative and assistant branch manager at Jersey Shore State Bank. She allegedly embezzled and fraudulently converted $52,222 in funds from a customer's certificate of deposit account. According to the indictment, instead of transferring the funds to a new certificate of deposit account at M&T Bank, Edwards allegedly used the funds to pay her credit card bills, repay personal loans, and to make purchases for family members. The scheme to fraudulently embezzle and convert the customer's funds began in June 2012 and continued through March 2015.
The matter was investigated by the Federal Bureau of Investigation. Assistant U.S. Attorney George J. Rocktashel is prosecuting the case.
The maximum penalty under federal law is 30 years of imprisonment, a term of supervised release following imprisonment, and a fine.