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

by Associated Press

Published: March 18,2010

Tags: banking and finance, embezzlement

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.

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