Newnan woman gets time for embezzlement at Wachovia

Thu, 07/23/2009 - 3:05pm
By: Ben Nelms

Newnan resident Judy Yvette Rosser has ben sentenced to nearly three and a half years in federal prison for embezzling more than $1.2 million from Wachovia Bank.

U.S. Attorney David Nahmias said the information presented in court showed that Rosser was employed by Wachovia Bank for the past 22 years and worked at the bank’s Atlanta Operations Center in Hapeville. Her responsibilities included processing exception transactions, including suspense and expense items, within the bank’s general ledger system. 

From August 2000 through January 2009, Rosser electronically transferred a total of approximately $1.2 million of the bank’s money into her personal checking account by creating and processing a complex series of fictitious debits and credits, which went undetected for over eight years, Nahmias said.

“This defendant, who was a trusted and long-time employee of Wachovia Bank with access to the bank’s general ledger system, violated the trust that the bank had placed in her by embezzling more than $1.2 million of the bank’s money over the past eight years,” said Nahmias. “She will now face the consequences of her abuse of trust in federal prison. ” 

The 41 year-old Rosser pled guilty to federal charges on April 13. She was sentenced in federal court to three years, five months in prison, followed by five years of supervised release. She was ordered to make restitution totaling $1.3 million.

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