Former Fort Worth Bank Manager Pleads Guilty To Fraud

FORT WORTH (AP) – A former North Texas bank manager accused of stealing at least $2 million from customers has pleaded guilty.

Authorities say Pamela Cobb pleaded guilty Wednesday to bank fraud and faces up to 30 years in prison. A federal judge in Fort Worth will sentence her in September.

The former Bank of America branch manager could also be ordered to pay a $1 million fine and make restitution.

The Fort Worth Star-Telegram reports Cobb used the money for vacations, clothing, jewelry and land. She must forfeit property in Granbury, a car, a camping trailer, plus a diamond ring and bracelet.

Prosecutors say Cobb since 2002 illegally withdrew cash from accounts. Some customers reported the missing funds to her, then Cobb would steal from other accounts to hide the original theft.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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