East Texas Woman Sentenced for Bank Fraud
Posted/updated on: September 1, 2011 at 2:10 am
TEXARKANA — A Harrison County woman has been sentenced to federal prison for bank fraud. Aimee Lynn Elwood, 45, of Marshall, pleaded guilty in February. She was sentenced Tuesday to 21 months in federal prison by U.S. District Judge Michael H. Schneider. Elwood was also ordered to pay restitution in the amount of $167,414.20.
According to federal prosecutors, from July 2008 to April 2010, Elwood abused her position as a Vice-President with Texas National Bank to fraudulently renew a line of credit and obtain loans in her name and the names of others. Specifically, Elwood forged the names of co-borrowers and pledged as collateral vehicles, certificates of deposit and other valuable items belonging to third parties without their consent.
