Thursday, September 14, 2006

The Best Way to Rob a Bank

There is an old adage that the best way to rob a bank is to work for it.  While not always successful, the sentencing of Dana Smith shows that at least you won't get as much time as you would if you pulled a gun, which usually triggers a five-year mandatory minimum.  Smith was the head teller at a bank branch, and the U.S. Attorney's Office for the District of Maryland's blog (here) describes what she did:

On December 7, 2005, a representative from the bank’s headquarters conducted an audit at the bank and found that it was exactly $100,000 short. When the representative approached Smith about the shortage, Smith produced two fake teller tickets that she created, which indicated that the missing money was in the ATM cassette. The representative found the ATM cassette empty and $1,095 missing from the teller cash drawer. Smith admitted to the bank’s vice president that she took money from the bank vault, and during a subsequent interview by the FBI, again admitted stealing money from the vault. She indicated that she covered up the missing money by manipulating the daily vault settlement sheets and creating false inter-teller tickets.  Smith stole $102,095 from the bank during the course of a year.

Smith received a sentence of a year-and-a-day for bank larceny, which means she will be released in approximately ten months.  And, it's much better than getting all that blue dye on you and having to watch the grainy videotape of your theft. (ph)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2006/09/the_best_way_to.html

Fraud, Sentencing | Permalink

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