In wake of $1 million embezzlement, former GA banker earns prohibition

A former Georgia banker is now prohibited from working at another federally insured financial institution, an action related to charges that he embezzled more than $1 million from a bank he used to work for, the Federal Reserve said Thursday.

In its order of prohibition, the Federal Reserve said John D. Evans, a former employee and institution-affiliated party of Columbus Bank & Trust Co. in Columbus, Ga., had consented to the prohibition. The agency said that between April 2013 and May 2017, while employed as a Commercial Real Estate Banker IV at the bank, Evans embezzled a total of $1,046,602 from the bank by issuing official checks from a bank fee reserve account held in the name of Fourth Quarter Properties, a bank client.

During that four-year time frame, the Fed said, Evans deposited the checks into another bank account (at BB&T) under his control and held in the name of RE Consulting.

Evans is prohibited from, without prior written approval from the Fed, participating in the affairs of any federally insured financial institution

Federal Reserve Board issues enforcement action with former employee of Columbus Bank & Trust