Rockland woman gets 33 months for bank fraud
Former Rockland Savings Bank employee Shauna Quinn, 45, was sentenced Wednesday to 33 months in prison and ordered to pay more than $500,000 in restitution after pleading guilty to bank fraud.
U.S. Attorney Thomas Delahanty announced in a press release Quinn’s sentencing on fraud charges to which she pleaded guilty on Aug. 20.
The Federal Bureau of Investigation, which led the probe of the bank fraud, found that Quinn had misappropriated $538,795 of bank funds through improper advances on loans and lines of credit that were unauthorized by the bank and unknown to the borrowers, all of whom were family members.
The investigation found she spent more than $295,000 of those funds that had been transferred to bank accounts she controlled. Quinn had concealed the fraud by using increasing loan advances to make payments on other fraudulent loans to keep them current.
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