Mary Frances Dunn of Lubbock was sentenced this morning by U.S. District Judge Sam R. Cummings to 51 months in prison, following her guilty plea to a single count indictment charging misapplication of bank funds by a bank employee, announced U.S. Attorney James T. Jacks of the Northern District of Texas.
In addition, Judge Cummings ordered Dunn, 66, to pay $811,836.50 in restitution to City Bank. She must surrender to the Bureau of Prisons on or before June 24, 2011.
According to documents filed in the case, Dunn admitted embezzling money from her employer, Plains Capital Bank in Lubbock. While at that bank, she was the Vice President, Loan Assistant II, essentially serving as a loan assistant to one of the bank's vice presidents.
Dunn admitted that while at Plains Capital, she embezzled approximately $630,224 by manipulating various lines of credit and used those funds to pay her bills and expenses.
In March 2008, Dunn began working for City Bank in Lubbock, and while working there until late 2010, continued to embezzle approximately $157,153 from various lines of credit.
The case was investigated by the FBI. Assistant U.S. Attorney Ann C. Roberts of the U.S. Attorney's Office in Lubbock prosecuted.