Bank Supervisor Convicted of Embezzling Funds

HOUSTON, May 18, 2012 - Rebecca A. Herrod, 56, of Shepard, Texas, has just entered a guilty plea to embezzlement, United States Attorney Kenneth Magidson announced today. The criminal information to which she pleaded guilty was filed May 9, 2012.

Today, Herrod admitted she embezzled a total of $131,500 from a bank in the greater Houston area. She admitted she debited funds from the accounts of several customers at the bank and ultimately credited the funds to her own account at that bank, in violation of Title 18, United States Code, Section 656.

U.S. District Court Judge Gray H. Miller, who accepted the guilty plea, has set sentencing for Septemer 28, 2012, at which time she faces a maximum term of 30 years in prison and a possible $1 million fine, as well as term of supervised release not to exceed five years. She was permitted to remain on bond pending that hearing.

The case was investigated by the FBI and is being prosecuted by Assistant U.S. Attorney Charles J. Escher.

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