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Former bank manager sentenced to 41 months in prison for embezzling over $2 million

The United States Attorney for the District of Nevada announced recently that a former manager for an HSBC branch in Las Vegas, Michelle Fournier, has been sentenced to 41 months in prison for her guilty plea to embezzling over $2 million from the bank during 2004.

Part of Fournier's job duties included approving vendor invoices. In order to make money for herself, she created a fictitious company, RMS Business Consulting (RMS), solely for the purpose of defrauding HSBC. RMS had no legitimate business purpose and was used to further Fournier's scheme to defraud. The corporate office was actually a mail box rented in Fournier's name at a UPS store. Fournier then created fictitious invoices stating that RMS had performed certain services, and submitted them to HSBC for payment. Fournier forged her manager’s signature authorizing payment to RMS, and HSBC electronically deposited payments into an RMS bank account or mailed the checks to RMS. Fournier then withdrew the funds from the bank account for her own personal use.

See the full release here.


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