According to the indictment, Harbert, 45, who recently filed for Chapter 7 bankruptcy protection, devised the scheme while working for One Bank & Trust. The indictment says Harbert borrowed money from One Bank and six other banks by using the personal information of her parents and customers to originate loans that she converted to her own use.
The indictment lists 17 loans totaling $577,749 made between March 2007 and May 2010. Of that, $277,600 came in the form of seven loans from One Bank. She borrowed $135,000 in four loans from Regions Bank and $50,000 in two loans from Summit Bank.
She allegedly made one fraudulent loan from each of four other banks: Centennial Bank, $50,000; Eagle Bank, $30,000; IberiaBank, $20,099; and BankcorpSouth Bank, $15,050.
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