Woman Sentenced for Embezzling from Employer
Posted/updated on: March 2, 2011 at 1:21 pm
TYLER – A 54-year-old Palestine woman has been sentenced to federal prison for bank larceny. Betty Smith pleaded guilty on July 12, 2010, to information charging her with bank larceny and was sentenced to 18 months in federal prison Tuesday in Tyler by U.S. District Judge Michael H. Schneider. Smith was also ordered to pay restitution in the amount of $126,664.72. According to information presented in court, from 1991 to 2009, Smith abused her position as assistant branch manager at Capital One Bank in Palestine to steal approximately $165,000.00.
