Clinton man sentenced for bank fraud - - Jackson, MS

Clinton man sentenced for bank fraud

Posted: Updated:
CLINTON, MS (Mississippi News Now) -

The former assistant branch manager for Trustmark National Bank in Clinton has been sentenced to serve 24 months in federal prison for bank fraud. 

On August 19 in U.S. District Court, 43-year-old William Walker of Clinton was also ordered to pay $86,588.55 in restitution to Trustmark. He must also forfeit the same amount to the government. 

Beginning in August, 2006, and continuing through January, 2011, Walker used the identities of Trustmark customers, as well as their certificates of deposits as collateral, and fraudulently forged their signatures in order to create loans in the names of the defrauded customers. He then deposited the proceeds from these loans into his personal account, cashed some of the proceeds, and used some of the proceeds to pay the previously obtained fraudulent loans he had created. 

This case was investigated by the Federal Bureau of Investigation, and prosecuted by Assistant U.S. Attorney Mike Hurst. 

Copyright 2011 WLBT. All rights reserved.

Powered by WorldNow