Branch Manager Sentenced for Loan Fraud
Tiffany Kay Look, a former branch manager of a credit union and a bank in Pennsylvania, was sentenced to two years in federal prison Monday for mail fraud.
U.S. District Court Judge John E. Jones III in Harrisburg also ordered the 39-year-old Look to pay $139,820 in restitution and to serve three years of supervised released after serving her prison term.
Look was a branch manager at and Mid Penn Bank in Millersburg from December 2007 to September 2011 and at the $2.7 billion Members 1st Federal Credit Union in Mechanicsburg from March 2012 to October 2013, according to federal prosecutors.
While at Mid Penn Bank, Look carried out a scheme to obtain money from a bank customer by taking out a fraudulent loan in the customer’s name. After she left Mid Penn Bank and began working at Members First, Look continued the scheme by taking out fraudulent loans in the names of three credit union members, federal prosecutors said.
According to court documents, Look concealed her fraud by forwarding the fraudulent loan statements to a post office box she rented. At the credit union, Look accessed a Members 1st FCU computer to direct bank statements to be delivered to a fake email address.
When she pleaded guilty to one count of mail fraud in September, court documents revealed that Look used the stolen funds to fuel a serious gambling addiction.
Federal prosecutors said Members 1st FCU discovered Look’s fraud and reported it to police.