Federal Deposit Insurance Corporation
Office of Inspector General

Oregon, Illinois Woman Charged with Embezzling More Than $32,000 from Former Rock River Bank

 

U.S. Department of Justice, United States Attorney Northern District of Illinois Western Divisiona

         
John G. McKenzie 308 West State Street - Room 300 PH: (815) 987-4444
Assistant U.S. Attorney Rockford, Illinois 61101 FAX : (815) 987-4236
www.usdoj.gov/usao/iln    
OREGON, ILLINOIS WOMAN CHARGED WITH EMBEZZLING MORE THAN $32,000 FROM FORMER ROCK RIVER BANK

ROCKFORD -- PATRICK J. FITZGERALD, United States Attorney for the Northern District of Illinois, together with JON RYMER, Inspector General, Federal Deposit Insurance Corporation, and NANCY GRINNELL, Special Agent-In-Charge of the Chicago office of the Federal Deposit Insurance Corporation, Office of Inspector General, today announced:

A federal grand jury in Rockford today returned an indictment charging LYNN A. WILSIE, 37, Oregon, Illinois with 12 counts of embezzling a total of $32,904.98 from the Rock River Bank. According to the indictment, Wilsie, an employee and officer of the Rock River Bank, was the marketing director for the bank. As such, her responsibilities included approving the payment of invoices related to advertising and public relations. The indictment alleges that Wilsie prepared accounts payable tickets that would support payments to the bank's vendors, but would then use those tickets to cause the bank to issue cashier's checks payable to others. Wilsie then took the cashier's checks, the indictment alleges, and used them to pay her personal expenses, including her rent, her credit card bills, and her personal loan.

Six counts charge separate embezzlements of more than $1,000. If convicted of those crimes, Wilsie faces up to 30 years of imprisonment and a fine of up to $1,000,000 for each count. The remaining six counts charge separate embezzlements of $1,000 or less and if convicted of those crimes, Wilsie faces up to 1 year in prison for each count. The arraignment for Wilsie has been set for April 27, 2010, at 10:30 a.m. before Magistrate Judge P. Michael Mahoney in the federal courthouse in Rockford. The case was investigated by the Chicago office of the Federal Deposit Insurance Corporation, Office of Inspector General. It will be prosecuted in federal court by Assistant United States Attorney JOHN G. McKENZIE.

Members of the public are reminded that an indictment is only a charge and is not evidence of guilt. The defendant is entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.

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Last updated 4/20/2010
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