Former Vice President of bank in Whitney accused of embezzling - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |


Former Vice President of bank in Whitney accused of embezzling $6 million


The former Vice President of the First National Bank of Whitney has been accused of embezzling $6 million from the bank over a ten year period.

Mary Helen "Murty" Lane, 57, had worked for the bank for 27 years before resigning from her position as Vice President in January of 2012.  

She is accused of taking large amounts of money from the bank vault and creating false outage, vault, and transfer tickets starting in 2002.   Lane is also accused of creating fraudulent cashiers checks.

Lane is said to have spent most of the money on gambling and casinos in Oklahoma, Las Vegas, and Louisiana. She is accused of giving co-workers $100 bills after she would come back from her gambling trips, telling them she had won money gambling. She also spent some of the money on sports cars.

A former neighbor of Lane's says she was a very down to earth person and never flaunted her money.  The neighbor did say he saw a Corvette and a Camaro in her driveway.

A plea bargain agreement signed by Lane and submitted in federal court in Waco says the defendant gambled so much casinos often gave her complimentary trips, rooms and transportation, including sending a limousine to pick her up. 

A former co-worker says Lane often kept large amounts of cash at her home, and on more than one occasion when the bank would run out of $100 bills she would go home, retrieve $100 bills and bring them to the bank and exchange them for smaller currency. 

That same co-worker told investigators approximately two weeks after resigning, Lane cashed ten checks for $2,000 each, payable to her sister, and had them deposited in her own account.  Then two months later she had $11,000 cash put in her account, and again told the employee not to file a Currency Transaction Report, which if required by law.

Lane faces a maximum sentence of 30 years in prison and a $1 million fine, along with having to pay restitution. 

The case was investigated by the FBI Special Agent John Truehitt before he retired. 

Lane is scheduled to make her first court appearance on February 28, 2013, before U.S. Magistrate Judge Jeffrey C. Manske.  United States Attorney Greg Gloff says after that she's expected to plea guilty with the plea agreement on the next court date. 

Powered by Frankly