Wood County woman guilty of bank fraud

Monday, April 2, 2012 - 4:34pm

TEXARKANA, Texas – A 48-year-old Winnsboro, Texas woman has pleaded guilty to federal violations in the Eastern District of Texas, announced U.S. Attorney John M. Bales today.


Mellissa Kay Morris pleaded guilty to conspiracy to commit bank fraud today before U.S. Magistrate Judge Caroline Craven.


According to information presented in court, while employed as assistant manager of Pioneer Credit Company in Mt. Pleasant, Texas, Morris devised a scheme in which she fraudulently created new loan applications for customers who did not have active loans. 

Morris used the customer's name, social security number and other identifying information to create the loan application.  Morris would them approve the loan, issue a check in the name of the customer on Pioneer's account, sign the check on behalf of Pioneer and then forge the signature of the customer on the check.  Morris then used those funds for her personal gain.

This fraudulent activity resulted in a financial loss of at least $200,000.  Morris was indicted by a federal grand jury on Aug. 11, 2011. 


Morris faces up to 30 years in federal prison at sentencing.  A sentencing date has not been set.


This case is being investigated by the Department of Homeland Security and prosecuted by Assistant U.S. Attorney Alan R. Jackson.

 

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