Woman pleads guilty to stealing money from bank where she worked

2 years 7 months 1 week ago Tuesday, September 15 2015 Sep 15, 2015 Tuesday, September 15, 2015 6:09:00 PM CDT September 15, 2015 in News
By: Jenna Middaugh, KOMU 8 Digital Producer

JEFFERSON CITY - A woman pleaded guilty in federal court Tuesday to embezzling more than $400,000 from the bank where she was employed.

29-year-old Katherine Brown was the lead teller at Hawthorn Bank in Jefferson City. Prosecutors say she embezzled $410,000 from December 2012 to Sept. 19, 2014, by taking money from the bank vault.

U.S. Attorney Tammy Dickinson said Brown admitted she started taking the money when her husband had shoulder surgery in 2012 and couldn't work. She said she would take the money in small amounts and put it in her pockets.

Brown would plug in certain amounts in the vault book to make the book match the vault's balance in the bank's computer accounting system. She also said she made false entries into the computer system when the bank had an internal audit in December 2012.

On Sept. 19, 2014, Dickinson said, Brown prepared and shipped five bags of cash to the Federal Reserve Bank. She prepared and labeled the bags, which were bar-coded and tamper proof. She said the total amount of cash shipped to the Federal Reserve Board was $844,000. The Federal Reserve Board counted the money and found it was only $434,000.

Brown left for maternity leave after shipping the money.

Dickinson said the Federal Reserve reported the shortage to the bank, which then conducted an audit of the vault. The audit found certain entries made in the vault book showed cash amounts being sent to bank branches in Columbia and California were $200,000 higher than the branches actually ordered.

Bank officials discovered the vault did not have as much cash as the bank's computer system recorded. Auditors figured out Brown had to report more money to the Federal Reserve Board so the bank's computer system would be balanced.

According to Dickinson, Brown could face up to 30 years in federal prison without parole, plus a fine up to $1 million.

More News

Grid
List
ST. LOUIS — A judge is expected to consider a request to disqualify St. Louis prosecutors from one of the... More >>
1 hour ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 10:35:00 AM CDT April 24, 2018 in News
COLUMBIA - Boone County deputies arrested a man on Monday after he allegedly tried to meet up with who he... More >>
2 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 9:01:30 AM CDT April 24, 2018 in News
COLUMBIA - The Central Missouri Humane Society is celebrating its 75th anniversary, but its leadership isn't content with where the... More >>
2 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 8:44:00 AM CDT April 24, 2018 in News
COLUMBIA - On Monday, more than 100 volunteers began the week-long effort to deliver more than 5,700 meals to raise... More >>
4 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 7:04:00 AM CDT April 24, 2018 in News
COLUMBIA – The Columbia City Council met Monday night in a work session to discuss ways to improve Columbia's water... More >>
15 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 8:00:00 PM CDT April 23, 2018 in Top Stories
COLUMBIA – Hundreds gathered at the first ever Japanese Spring Festival on MU’s campus Monday afternoon. Student Momoko Tamamura came... More >>
16 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 7:21:00 PM CDT April 23, 2018 in Top Stories
JEFFERSON CITY – One local woman is reflecting on her decision to vote for President Donald Trump after some have... More >>
16 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 7:00:00 PM CDT April 23, 2018 in Top Stories
ST. LOUIS (AP) — The law firm representing the ex-husband of the woman who had an affair with Missouri... More >>
17 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 5:45:00 PM CDT April 23, 2018 in Continuous News
JEFFERSON CITY (AP) — A Democratic Missouri state lawmaker says he won't step down despite facing backlash for repeatedly calling... More >>
18 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 5:21:20 PM CDT April 23, 2018 in Continuous News
COLUMBIA - MU staff members spent Monday afternoon discussing how the university could become Columbia's "employer of choice" again with... More >>
18 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 5:05:00 PM CDT April 23, 2018 in News
COLUMBIA - Residents moving into the Lynn Street Cottages in Columbia not only obtain four new walls, they also receive... More >>
19 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 4:14:00 PM CDT April 23, 2018 in News
COLUMBIA - Students at Rock Bridge High School will be attending prom this weekend, and for the first time ever,... More >>
19 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 4:13:00 PM CDT April 23, 2018 in Continuous News
JOPLIN - An EF-5 tornado struck the city of Joplin on May 22, 2011. The next day Jeff Neal, a... More >>
20 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 3:29:00 PM CDT April 23, 2018 in News
JEFFERSON CITY – Tax reform in Missouri is one step closer to becoming a reality. The Missouri House Ways... More >>
20 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 2:56:00 PM CDT April 23, 2018 in News
JOPLIN - More businesses, new schools and new homes- one drive through Joplin reveals a clear transformation from devastation to... More >>
21 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 2:20:00 PM CDT April 23, 2018 in News
JEFFERSON CITY – Lawmakers in Missouri added a $3 million dollar line to the Attorney General’s budget for sexual assault... More >>
21 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 2:11:00 PM CDT April 23, 2018 in News
NASHVILLE, Tenn. (AP) — The Latest on shooting at Tennessee restaurant that left four dead (all times local):... More >>
22 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 1:22:00 PM CDT April 23, 2018 in News
COLUMBIA - When it comes to losing weight, many of us start with looking at our diet. Are we eating... More >>
23 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 12:21:00 PM CDT April 23, 2018 in Weekly Wellness
Columbia, MO
Broken Clouds 67°
12pm 68°
1pm 70°
2pm 73°
3pm 75°