tl;dr
A US bank executive, Jessica Ann Marshall, allegedly embezzled $345,664.66 from the Bank of Idaho over three months. The Federal Deposit Insurance Corporation (FDIC) found that she falsified bank documents and directed employees to sign falsified count sheets to conceal her actions. The FDIC has pro...
A US bank executive, Jessica Ann Marshall, allegedly embezzled $345,664.66 from the Bank of Idaho over three months. The Federal Deposit Insurance Corporation (FDIC) found that she falsified bank documents and directed employees to sign falsified count sheets to conceal her actions.
The FDIC has prohibited Marshall from participating in the affairs of any financial institution regulated by the FDIC and from exercising voting rights in any US financial institution. The prohibition remains in effect until modified or terminated in writing by the FDIC or other appropriate regulatory agencies. Marshall neither admits nor denies the accusations.
The FDIC says that between June 5th of 2023 and September 18th of 2023, Jessica Ann Marshall stole $345,664.66 while working as a branch manager at the Bank of Idaho in Idaho Falls, Idaho. "Respondent also falsified Bank documents, including count sheets, in order to hide her theft and embezzlement, and directed Bank employees to sign falsified count sheets."
While Marshall neither admits nor denies the accusations, the FDIC says Marshall’s actions while serving as a Bank of Idaho executive constituted "unsafe or unsound practices." The FDIC consequently prohibits the former Bank of Idaho branch manager from participating in the conduct of the affairs of any financial institution or organization in any manner.
Marshall is also prohibited from soliciting, procuring, transferring, attempting to transfer, voting, or attempting to vote any proxy, consent, or authorization with respect to any voting rights in any US financial institution regulated by the FDIC. The Prohibition Order is effective upon issuance and will remain effective and enforceable until the FDIC, and any appropriate Federal financial institutions regulatory agency, decide in writing to modify, terminate, suspend, or set aside the Order.