A former North Carolina banker was prohibited after pleading guilty to alleged embezzlement of more than $33,000, the Federal Reserve said Friday.
In a release, the Fed said Mollie Morrow, a former sales representative for United Bank in Washington, N.C., was convicted in 2024 of embezzlement between 2001-03in state court. Morrow allegedly stole $33,136, the Fed said, by misappropriating cash while the bank replenished its automated teller machines.
She was ordered by the court to make full restitution, the agency said.
Morrow consented to the prohibition, according to the Fed.
United Bank is based in Fairfax, Va.
Federal Reserve Board issues enforcement action with former employee of United Bank
Leave a Reply