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Texas Banker Who Stole $2 Million Gets Prison

Woman ordered to replay more than $1.1 million

Thursday, Sep 27, 2012  |  Updated 9:23 AM CDT
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Texas Banker Who Stole $2M Gets Prison

ASSOCIATED PRESS

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A former North Texas banker who stole $2 million from customers has been sentenced to more than five years in prison.

A federal judge in Fort Worth on Wednesday sentenced Pamela Cobb and also ordered her to repay more than $1.1 million.

The 40-year-old ex-Bank of America branch manager in March pleaded guilty to bank fraud in a scam since 2002.

Prosecutors say Cobb would illegally withdraw cash from accounts and use the money for personal items. Investigators say Cobb targeted people she knew because those customers would report any suspected theft directly to her.

The Fort Worth Star-Telegram reports Cobb remains free on bond but must report to prison Oct. 29. She also must forfeit diamond jewelry, a 1967 Ford Mustang and a camping trailer.

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