Gregory Isringhaus Press Release (Sentencing)

April 15, 2008
For Immediate Release

FORMER BANK TELLER SENTENCED FOR EMBEZZLING MONEY FROM CUSTOMER ACCOUNTS AT JEFFERSON COUNTY BANK

St. Louis, MO: Gregory Isringhaus was sentenced to 21 months in prison and ordered to pay $63,249 restitution for embezzling money from customer accounts, United States Attorney Catherine L. Hanaway and Jefferson County Sheriff Oliver “Glenn” Boyer announced today.

“This case is another perfect example of the cooperation between the U.S. Attorney’s Office and the Jefferson County Sheriff’s Department. This cooperation makes the job of the Sheriffs in the State of Missouri easier, and we appreciate the help we receive from the U.S. Attorney,” said Sheriff Boyer.

“Mr. Isringhaus embezzled more than $63,000 by cashing customer CDs, using the money himself and manipulating the paperwork to cover up the theft,” said Hanaway. “In addition to the prison sentence, he will also have to pay the money back.”

In January 2003 Isringhaus was employed by Farmer's Bank in Jefferson County. Farmer’s Bank was acquired by Keystone Bank, and Keystone Bank was acquired by Truman Bank. Isringhaus was a personal banking representative/teller at the bank. In addition to the usual duties of a teller, he also opened deposit accounts and dealt with customer service issues.

Beginning in March of 2005, Isringhaus began a scheme by which he embezzled funds from certain customer Certificate of Deposit (CD) accounts at Farmer’s Bank. As part of this scheme, Isringhaus closed certain CDs and opened other CDs. He ultimately diverted the proceeds of these accounts to himself, but tracking of the embezzled funds was complicated by the manner in which some of the funds were moved from account to account before they were diverted. In addition, Isringhaus took steps to conceal his embezzlement, such as withholding customer statements from the Bank’s outgoing mail. The total amount embezzled from four customer accounts is $63,249.

GREGORY ISRINGHAUS, Imperial, Missouri, pled guilty in January to one felony count of bank embezzlement and appeared for sentencing before United States District Judge Stephen N. Limbaugh.

In addition to the Jefferson County Sheriff’s Department, Hanaway commended the work performed on the case by the United States Secret Service and Assistant United States Attorney Rosemary Meyers, who handled the case for the U.S. Attorney’s Office.

UNITED STATES ATTORNEY'S OFFICE EASTERN DISTRICT OF MISSOURI CATHERINE L. HANAWAY United States Attorney	NEWS RELEASE
For further information: Call Public Affairs Officer Jan Diltz at (314) 539-7719
April 15, 2008 For Immediate Release FORMER BANK TELLER SENTENCED FOR EMBEZZLING MONEY FROM CUSTOMER ACCOUNTS AT JEFFERSON COUNTY BANK St. Louis, MO: Gregory Isringhaus was sentenced to 21 months in prison and ordered to pay $63,249 restitution for embezzling money from customer accounts, United States Attorney Catherine L. Hanaway and Jefferson County Sheriff Oliver “Glenn” Boyer announced today. “This case is another perfect example of the cooperation between the U.S. Attorney’s Office and the Jefferson County Sheriff’s Department. This cooperation makes the job of the Sheriffs in the State of Missouri easier, and we appreciate the help we receive from the U.S. Attorney,” said Sheriff Boyer. “Mr. Isringhaus embezzled more than $63,000 by cashing customer CDs, using the money himself and manipulating the paperwork to cover up the theft,” said Hanaway. “In addition to the prison sentence, he will also have to pay the money back.” In January 2003 Isringhaus was employed by Farmer's Bank in Jefferson County. Farmer’s Bank was acquired by Keystone Bank, and Keystone Bank was acquired by Truman Bank. Isringhaus was a personal banking representative/teller at the bank. In addition to the usual duties of a teller, he also opened deposit accounts and dealt with customer service issues. Beginning in March of 2005, Isringhaus began a scheme by which he embezzled funds from certain customer Certificate of Deposit (CD) accounts at Farmer’s Bank. As part of this scheme, Isringhaus closed certain CDs and opened other CDs. He ultimately diverted the proceeds of these accounts to himself, but tracking of the embezzled funds was complicated by the manner in which some of the funds were moved from account to account before they were diverted. In addition, Isringhaus took steps to conceal his embezzlement, such as withholding customer statements from the Bank’s outgoing mail. The total amount embezzled from four customer accounts is $63,249. GREGORY ISRINGHAUS, Imperial, Missouri, pled guilty in January to one felony count of bank embezzlement and appeared for sentencing before United States District Judge Stephen N. Limbaugh. In addition to the Jefferson County Sheriff’s Department, Hanaway commended the work performed on the case by the United States Secret Service and Assistant United States Attorney Rosemary Meyers, who handled the case for the U.S. Attorney’s Office.