Former bank worker pleads guilty to $400K fraud charge
Rockland resident Shauna Quinn, 44, pleaded guilty to charges Tuesday that she bilked nearly $400,000 from Rockland Savings Bank through improper advances on loans and lines of credit.
According to a press release from the office of U.S. Attorney Thomas Delahanty, Quinn was charged with creating lines of credit and a share loan in the names of her family members and improperly withdrawing nearly $400,000 from those loans.
FBI investigators said they found Quinn, while working as a collections manager for the bank, concealed the fraudulent withdrawals by using loan advances to make payments on other loans and keep them current.
Quinn will face sentencing after the completion of an investigation report by the U.S. Probation Office and could receive up to a 30-year sentence and a fine of up to twice the amount she gained through the scheme.
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