US bank teller convicted of fraud scheme

A US District Court has sentenced a Maryland woman to over two years in prison for bank fraud.

Shantesse Yvette White, of Laurel, Maryland received a 30 month sentence followed by five years of supervised release for bank fraud. The Judge also ordered White to pay $276,424 in restitution.

According to her guilty plea, from March 2003 to July 2006, White was employed by Chevy Chase Bank (CCB) as a teller, charge back coordinator, and cheque processor.

“The actual loss to CCB as a result of White’s scheme to defraud the bank was $276,424, since the bank was able to recover some of the funds when the scheme was discovered.

From August 2004 to July 2006 White credited a CCB account with more than $276,000 in ‘refunds,’ even though no fees had been charged to the account.

White also altered cashier’s cheques so that they were deposited into her fake account rather than into the accounts of the customers who sent in the cheques.

The actual loss to CCB as a result of White’s scheme to defraud the bank was $276,424, since the bank was able to recover some of the funds when the scheme was discovered.