A former banking executive is facing the possibility of spending many years in prison after using her position to embezzle over a million dollars. Stacia Wilson, who worked as a vice president at St. Clair County State Bank in Osceola, Missouri, has pleaded guilty to one count of bank fraud. According to the U.S. Attorney’s Office for the Western District of Missouri, Wilson has admitted to defrauding the bank and its customers by devising a scheme to enrich herself with $1.528 million.

Authorities from the FBI and the Federal Deposit Insurance Corporation have revealed that Wilson took advantage of her authority as a loan processor by creating fraudulent loans using the personal information of the bank’s customers without their knowledge or consent. She then used the bank’s computer systems to establish these loans before redirecting the funds for her own benefit.

As part of her plea agreement, Wilson is obligated to return the entire stolen amount to the government. Additionally, she is facing a maximum prison sentence of 30 years without the possibility of parole under federal laws.

Once the United States Probation Office completes its pre-sentence investigation, Wilson will be scheduled for sentencing.

St. Clair County State Bank, a commercial bank with assets exceeding $200 million, was the institution where Wilson carried out her fraudulent activities.

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