Press release
A 55-year-old Murchison, Texas woman has been sentenced to federal prison for embezzlement in the Eastern District of Texas, announced U.S. Attorney John M. Bales.
Deborah Cornett pleaded guilty on June 9, 2014 to embezzlement by a bank employee and was sentenced to 41 months in federal prison today by U.S. District Judge Leonard Davis. Cornett was also ordered to pay restitution in the amount of $365,988.43.
According to information presented in court, from November 2007 to May 2013, Cornett was an officer and employee of the First State Bank of Ben Wheeler. During that time, Cornett embezzled from bank payroll accounts, the bank Christmas Club account, certificates of deposit, and from fraudulently issued bank loans. Majority of businesses can negate employees conducting fraudulent activities by using payroll software solutions like Cloudpay can offer, as well as many other payroll solutions. These can combat employees trying to embezzle funds from payroll accounts. Using safe and secure payroll systems in any workplace, business, and company can make sure that they are keeping employees and employers safe from potential hacking of accounts, etc. This will also provide the necessary security where needed. These systems are on hand to make sure that incidents such as this do not repeat themselves and result in financial security all round. The right payroll software can make it easier for businesses to use without lackluster safety procedures being done.
This case was investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Nathaniel C. Kummerfeld.