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Archive for Wednesday, October 20, 2010

Former VP of Jefferson County bank pleads guilty to concealing theft by bank’s president

October 20, 2010, 1:15 p.m. Updated October 20, 2010, 2:41 p.m.

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— A former Jefferson County bank vice president has pleaded guilty to a federal charge that she concealed a scheme by the former Meriden bank president to steal and defraud the bank.

Stephanie R. Smith, 34, this week pleaded guilty to one count of misprision of a felony, or failure to report a felony.

Scott D. Becker, of Meriden, pleaded guilty earlier this month to two conspiracy counts, one to commit bank employee theft and one to commit perjury, wire fraud and money laundering for embezzling more than $1 million from the bank.

According to her plea, Smith admitted that from 1999 to 2009 when she was vice president of Countryside Bank, she was aware Becker diverted bank funds for his personal use, including by establishing loans at the bank that appeared to be to a bank customer.

Smith faces a maximum three years in prison. She is scheduled to be sentenced Jan. 10. Becker faces sentencing Dec. 20.

Co-defendant Michael R. Wurm faces a January trial in the case.

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