Shawn Al Logan, Bank Embezzlement, Montana 2023

Shepherd, Montana - Former Stockman Bank commercial loan assistant Shawn Al Logan, 31, has been sentenced to 57 months in prison and five years of supervised release after admitting to stealing money from the accounts of two customers, including a mentally incompetent elderly man.

According to the U.S. Attorney's office, Logan pleaded guilty in October to theft, embezzlement, misapplication by bank employee, engaging in monetary transactions in criminally derived property and aggravated identity theft.

Logan was accused of fraudulently obtaining or attempting to obtain more than $243,000 in customer funds for his personal benefit. He worked on the accounts of an elderly man who was mentally incompetent and interacted with the man's representative, who had power of attorney.

Beginning in September 2017, Logan made unauthorized withdrawals from the man's account for his own benefit by issuing debit cards in the representative's name. When the representative confronted Logan about unauthorized debit transactions, Logan made a series of misrepresentations to the representative, all designed to hide what had actually occurred.

Logan also made a series of unauthorized internal transfers from the account of another Stockman bank customer to the elderly man's account, from which Logan would pay his own creditors and make deposits into his own accounts.

When interviewed by the bank, Logan initially said all of the flagged internal bank transfers and checks were approved by Stockman customers. However, when confronted by evidence concerning one of the checks payable to his American Express account, Logan said he did not want to answer any more questions.

Assistant U.S. Attorney Zeno Baucus prosecuted the case, which was investigated by the FBI, the Federal Deposit Insurance Corporation's Office of Inspector General and the IRS.

Logan was ordered to pay $195,949 in restitution, bringing the total amount of stolen funds to over $243,000.

The case serves as a reminder of the importance of protecting vulnerable individuals and ensuring that financial institutions have robust safeguards in place to prevent this type of abuse.

Source: https://www.justice.gov/usao-mt/pr/former-stockman-bank-employee-sentenced-prison-stealing-customers