A former senior vice president of Twin City (Ark.) Bank was sentenced April 22 to 57 months in prison after he pleaded guilty in December to two federal fraud charges that accused him of stealing more than a million dollars from customers’ accounts, prosecutors say.
Brent D. Geels, 42, of Maumelle, was also ordered to pay restitution of $1.4 million to Twin City Bank and its insurance company, according to a news release from the U.S. attorney’s office.
His sentence includes three years of supervised release after he is freed from prison, plus 100 hours of community service, the release said.
Federal court affidavits claim that, from October 2000 through June 2008, Geels took about $1.2 million from customer accounts and put the money into his own account, entering false records to conceal his thefts.
Twin City Bank, based at North Little Rock, is owned by Conway-based Home BancShares.
Was this article valuable?
Here are more articles you may enjoy.
UBS Top Executives to Appear at Senate Hearing on Credit Suisse Nazi Accounts
US Will Test Infant Formula to See If Botulism Is Wider Risk
LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims
Tesla Sued Over Crash That Trapped, Killed Massachusetts Driver