facebook
twitter
rss
account
search
search
 

Bank exec charged with large embezzlement

Oct. 26, 2012 at 7:08 PM   |   Comments

CHICAGO, Oct. 26 (UPI) -- A woman who rose to be chief operating officer at a Chicago bank embezzled $3 million in 15 years, using most of it to feed a gambling habit, prosecutors said.

A federal grand jury indicted Dora Asmussen, 52, of Gilberts, Ill., Thursday. The former executive with Burling Bank was charged with three counts of bank fraud.

Asmussen faces a lengthy prison term and forfeiture of $3.074 million if she is convicted.

The grand jury found that Asmussen between 1997 and August 2012 wrote checks on her own account and cashier's checks, covering them with money from the general bank fund. She also used checks from customer accounts.

Asmussen was in charge of daily retail operations and some of the bank's record-keeping, allowing her to cover her tracks for many years, prosecutors said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Father of five children thought they would kill him, feed him to dogs Father of five children thought they would kill him, feed him to dogs
2
New video shows missing UVA student the morning she disappeared New video shows missing UVA student the morning she disappeared
3
Playboy Magazine names UPenn top party school for 2014 Playboy Magazine names UPenn top party school for 2014
4
Peshmerga forces kill senior Islamic State commander Peshmerga forces kill senior Islamic State commander
5
Texas woman set for execution for starving girlfriend's son Texas woman set for execution for starving girlfriend's son
Trending News
Video
x
Feedback