Home » NEWS » Banking & Finance » Ex-bank manager, employee stole $2M-plus

Ex-bank manager, employee stole $2M-plus

GULFPORT — Officials say former Hancock Bank branch operations manager Margaret Migues conspired with other employees to embezzle more than $2 million during her 29-year career.

U.S. Magistrate John Roper set a $25,000 unsecured bond for the 52-year-old Migues March 17. With her attorney at her side, Migues waived indictment by a federal grand jury, instead accepting the federal charge of embezzlement already lodged against her.

Court documents show Migues is accused along with others of stealing the money from 1980 through July 2009.

Prosecutors say Migues has entered into a plea agreement with the government, which Roper ordered sealed Wednesday. She is expected to enter a formal guilty plea at a later date. Migues facing a maximum sentence of 30 years in prison and up to a $1 million fine.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*