Bank of America Manager Stole from Customers

Woman could be ordered to pay $1 million in fines

View Comments (
)
|
Email
|
Print

    NEWSLETTERS

    TK
    ASSOCIATED PRESS
    The former branch manager faces up to 30 years in prison.

    A former North Texas bank manager accused of stealing at least $2 million from customers has pleaded guilty.

    Authorities say Pamela Cobb pleaded guilty Wednesday to bank fraud and faces up to 30 years in prison. A federal judge in Fort Worth will sentence her in September.

    The former Bank of America branch manager could also be ordered to pay a $1 million fine and make restitution.

    The Fort Worth Star-Telegram reports Cobb used the money for vacations, clothing, jewelry and land. She must forfeit property in Granbury, a car, a camping trailer, plus a diamond ring and bracelet.

    Prosecutors say Cobb since 2002 illegally withdrew cash from accounts. Some customers reported the missing funds to her, then Cobb would steal from other accounts to hide the original theft.