Medford bank manager pleads guilty to embezzlement
Thursday, July 7, 2011
PORTLAND, Ore. (AP) -- A former Medford bank manager has struck a plea deal with the U.S. Attorney's Office and admitted he funneled money out of customers' accounts to pay personal expenses.
The deal given 32-year-old Shawn Jewett includes eight months in prison for a theft charge. Jewett took $91,000 out of U.S. Bank customers' bank accounts between May 2008 and November 2009.
Jewett would replace the stolen money by drawing money from other accounts. To avoid detection, he had the customers' bank statements mailed back to the bank, where he intercepted them.
The U.S. Attorney's Office says Jewett used the money to pay off credit cards, a car loan and a personal loan, as well as spending it on a vacation.