A Beebe woman has been sentenced to 27 months in prison for embezzling more than $358,000 while she was an officer at the Beebe branch of First Security Bank of Searcy.
A judgment filed Wednesday shows that Patricia A. Hill, who pleaded guilty in June to a charge of theft by a bank officer, was sentenced Monday by U.S. District Judge Kristine Baker.
In June, Hill admitted embezzling $358,419.68 between Nov. 13, 2007, and April 19, 2010, by manipulating accounts to increase the amounts customers owed on consumer loans.
A charging document said she used the scheme to “create funds” that she then withdrew from the bank.
Hill faced up to 30 years in prison and a fine of up to $1 million under federal statutes, as well as up to five years of probation.
In addition to the term in federal prison, where parole is not available, Baker sentenced Hill to serve two years of probation after her release, and to repay the entire amount stolen.
Arkansas, Pages 10 on 01/16/2014