Sammy Gail Page, Theft of Over $1 Million, Texas 2013

In a shocking case of financial deceit, a 60-year-old woman from Spurger, Texas, has been sentenced to federal prison for theft of over $1 million from UBS financial Services.

Sammy Gail Page, a self-proclaimed investment advisor, was found guilty of interstate transportation of money taken by fraud on January 4, 2013. Page was sentenced to 57 months in federal prison on the same charges by U.S. District Judge Marcia Crone.

According to court documents, Page made unauthorized withdrawals from five different client accounts on over 60 different occasions, totaling a staggering $1,207,440.00. Page’s actions were carried out between 2005 and March 2011, while she was employed by UBS since 1987.

Page’s scheme involved authorizing wire transfers, generally payable to American Express, where she maintained a credit card account. The investigation revealed that Page used the client funds to pay her personal expenses, including credit card balances.

Page was indicted by a federal grand jury on October 17, 2012, and was ordered to report to the U.S. Marshals Service on July 12, 2013, to be transported to the Bureau of Prisons.

This case was investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Robert L. Rawls.

Page’s actions have left a trail of financial devastation, with UBS financial Services facing a restitution order of $1,207,440.00.

The case serves as a stark reminder of the importance of vigilance in the financial sector, as Page’s deceitful actions went undetected for years.

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