La. Bank Employee Sentenced For Embezzling $1.7 Million
A former vice president of operations at a northwest Louisiana bank was sentenced Thursday for embezzling more than $1.7 million.
U.S. Attorney Stephanie Finley reported 65-year-old Jim Scott, of Haughton (a town of 3,500 people, 16 miles east of Shreveport), was sentenced to 42 months in prison.
He was also sentenced to three years of supervised release and ordered to pay $1.7 million in restitution.
Evidence revealed Scott embezzled funds from the Tri-State Bank and Trust in Haughton, where he served as vice president of operations, for a 14-year period--from 2000 to 2014.
He would move bank-controlled funds to his own personal accounts locate at the same bank.
The U.S. Secret Service conducted the investigation.