Branch Manager Gets Three-Month Prison Term For $135,000 Embezzlement
LOS ANGELES – A former branch manager for CoastHills FCU is expected to be sentenced to three months behind bars after pleading guilty to stealing $135,000 from the Lompoc credit union.
The sentence is part of a plea bargain struck by federal prosecutors with Monica Bagby, who pleaded guilty last year to four counts of bank fraud.
Bagby made 33 withdrawals totaling $135,876 from CoastHills’ over/short account and cash disbursement machine between November 2007 and February 2009, using the money for her personal benefit, according to the plea agreement. In an attempt to conceal the withdrawals, Bagby made unlawful transfers from other CoastHills accounts, including a member account.