EAST ST. LOUIS — An Alton woman was sentenced to 21 months in federal prison on a bank fraud conviction.
In a press release Monday, U.S. Attorney Stephen R. Wigginton said Cynthia L. Palmer, 45, also was ordered to serve two years of supervised release following her release from prison and was ordered to pay $105,827 in restitution as a result of her conviction for bank fraud in a scheme to defraud and embezzle from U.S. Bank.
The conviction is the result of Palmer’s conduct while employed by U.S. Bank at the St. Louis Regional Airport branch in Bethalto as a universal banker. Palmer made unauthorized debits on the accounts of primarily older individuals, with customers’ ages ranging from 65 to 96. Palmer was terminated by the bank effective Dec. 12, 2013. The bank promptly compensated the victims and sustained the entire loss.
The prosecution is the result of an investigation conducted by the U.S. Secret Service with the assistance of U.S. Bank. The case is being prosecuted by Assistant U.S. Attorney Norman R. Smith.