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St. Louis Man Sentenced for Bank Embezzlement and Conspiracy
A St. Louis resident, Malik Ross, has been sentenced to 120 months in prison for embezzling $50,000 from Midwest Regional Bank and conspiring to do the same.
Ross, 24, pleaded guilty in August to one count of embezzlement of bank funds and one count of conspiracy to embezzle bank funds. He worked for Garda World Logistics, Inc., which contracted with Midwest Regional Bank to transport its federally insured deposits.
On August 13, 2019, Ross drove a Garda armored car to South Broadway in the City of St. Louis, where he placed a bag containing $50,000 in the middle of the road. A conspirator then retrieved the bag and left the area with the money.
The United States requested an upward variance from the 8-14 month applicable sentencing guideline range, citing evidence that Ross had fired a loaded Glock firearm 14 times on the day before the theft, killing a seven-year-old boy who was playing in the alley behind his house. The district court granted the motion and sentenced Ross to a 120-month term of imprisonment for the theft.
The St. Louis Metropolitan Police Department investigated the case. Assistant United States Attorney Allison Behrens is handling the case.
Ross’s sentence includes a 120-month term of imprisonment for the theft of $50,000 from Midwest Regional Bank. The case marks a significant blow to those who seek to exploit the financial system for personal gain.
Malik Ross, 24, of St. Louis, Missouri, was sentenced to 120 months in prison for embezzlement of bank funds and conspiracy to embezzle bank funds. The exact date of the crime was August 13, 2019. The crime took place in St. Louis, Missouri. The exact dollar amount of the embezzlement was $50,000. The sentence was handed down on a date not specified in the source material. The charges against Ross include one count of embezzlement of bank funds and one count of conspiracy to embezzle bank funds.
Key Facts
- State: Missouri
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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