Saturday, July 18, 2009

Newnan Woman Sentenced to Federal Prison for Embezzling More Than $1.2 Million from Wachovia Bank

Judy Yvette Rosser, 41, of Newnan, Georgia, was sentenced July 16 by United States District Judge Charles A. Pannell, Jr. to serve over three years in federal prison on a charge of embezzling more than $1.2 million from Wachovia Bank.

United States Attorney David E. Nahmias said of the case, "This defendant, who was a trusted and long-time employee of Wachovia Bank with access to the bank's general ledger system, violated the trust that the bank had placed in her by embezzling more than $1.2 million of the bank's money over the past eight years. She will now face the consequences of her abuse of trust in federal prison. "

ROSSER was sentenced to three years, five months in prison, to be followed by five years of supervised release, and ordered to pay $1,296,353 in restitution. On April 13, 2009, ROSSER pled guilty to a Criminal Information, which charged her with embezzlement by a bank employee.

According to United States Attorney Nahmias and the information presented in court: ROSSER was employed by Wachovia Bank for the past 22 years and worked at the bank's Atlanta Operations Center in Hapeville, Georgia, where her responsibilities included processing exception transactions, including suspense and expense items, within the bank's general ledger system. From August 2000 through January 2009, ROSSER electronically transferred a total of approximately $1.2 million of the bank's money into her personal checking account by creating and processing a complex series of fictitious debits and credits, which went undetected for over eight years.

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