A former employee of the Pantex Federal Credit Union in Borger, Texas, has been accused of embezzling funds from the institution.
Dorothy Stegall Barnes, 56, a/k/a ‘Dorothy Stegall Newman,’ is charged with one count of embezzlement from a federally insured credit union.
According to the indictment, Barnes, the Assistant Vice-President of Teller Operations at the Pantex Federal Credit Union, embezzled approximately $826,000 from the credit union from September 1996 through December 2010.
Barnes made her initial appearance in federal court today and entered a plea of not guilty. A trial date will be set at a later date.
A federal indictment is an accusation by a grand jury and a defendant is entitled to the presumption of innocence unless proven guilty.
If convicted, the maximum statutory penalty for this offense is 30 years in federal prison and a $1 million fine. Restitution may also be ordered.
The FBI and Borger Police Department investigated this case. Assistant U.S. Attorney Tim Hammer is prosecuting.
Barnes is currently out on bail pending her trial.
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Key Facts
- State: Texas
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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