Malvern Mortgage Lender Jailed for $66,175 Bank Heist

Council Bluffs, IA – A convicted bank embezzler will spend the next six months behind bars for dipping into company funds, Grimy Times has learned.

Mackenzie Ann Meggison, 37, a mortgage loan officer at Malvern Bank, abused her position to carry out 57 unauthorized transactions on four separate accounts belonging to the Malvern Area Betterment Association (MABA). The unauthorized transactions, which took place between July and October 2020, totaled at least $66,175.42.

According to public court documents, Meggison served as treasurer for the MABA and maintained their accounts at the bank where she worked. The brazen scheme was uncovered after an investigation by the Federal Bureau of Investigation (FBI).

Council Bluffs federal court documents reveal that Meggison’s sentence includes three years of supervised release following her 6-month prison term. The federal prison system does not offer parole, making supervised release her only option for post-release supervision.

A statement from the U.S. Attorney’s Office for the Southern District of Iowa confirmed that Meggison will also be required to pay $66,175.42 in restitution – the exact amount she embezzled from the MABA.

United States Attorney Richard D. Westphal announced Meggison’s sentencing, praising the FBI for their diligent work in bringing the case to a close. ‘The public can be assured that those who abuse their positions of trust will be held accountable for their actions,’ Westphal said in a statement. ‘The FBI did an outstanding job in investigating this case and bringing the perpetrator to justice.’