DFW Bank of America manager pleads guilty to stealing $2 million from customers

FORT WORTH -- A former Bank of America branch manager accused of stealing more than $2 million from customers' accounts over nine years pleaded guilty Wednesday in federal court to one count of bank fraud.

Pamela Cobb, 40, faces probation to 30 years in federal prison and could be ordered to pay a $1 million fine and restitution.

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From around 2002 until April 2011, Cobb withdrew cash from customers' accounts, sometimes forging their signatures on withdrawal slips. Cobb would inform tellers that she was withdrawing cash for the customer, sometimes lying that the customer was waiting in her office.

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Prosecutors say Cobb avoided having to fill out mandatory bank reports by never withdrawing more than $10,000 per transaction. She targeted customers with whom she'd had a long-standing relationship, knowing that they would likely report any improper transactions directly to her. If they did, Cobb would replenish their accounts with money stolen from others.

Read more here: http://www.star-telegram.com/2012/03/28/3843405/dfw-bank-of-america-manager-pleads.html#storylink=cpy