A former bank employee has been sentenced to prison for embezzling a significant amount of money from her employer.
Deborah Shaw, 53, of Waterford, Mississippi, was a former employee of Merchants and Farmers Bank in Holly Springs. Shaw pleaded guilty to one count of embezzlement by a bank employee in the fall of last year.
On May 22, 2024, United States Senior District Judge Neal B. Biggers, Jr. sentenced Shaw to serve 30 months in prison, followed by 5 years of supervised release. Shaw was also ordered to pay $327,842.00 in restitution.
The sentence was handed down in Oxford, Mississippi, where Shaw has been ordered to report to prison on June 17.
The investigation into Shaw’s embezzlement scheme was conducted by the Office of Inspector General for the Federal Deposit Insurance Corporation and the Federal Bureau of Investigation.
Deborah Shaw was charged with one count of embezzlement by a bank employee. The sentence reinforces the message that federal courts view embezzlement as a serious crime that warrants significant punishment.
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Key Facts
- State: Mississippi
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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