News Sections
Audio
Woman Sentenced After Enmbezzling $1 Million From Bank
Updated October 30, 2013 12:01 PM | Filed under: Crime
 Print    Archive    RSS

(SOUTH BEND) - A former loan official at a northern Indiana bank has pleaded guilty to federal charges of embezzling about $1 million by approving illegal loans to herself.

A federal judge sentenced 43-year-old Connie Horvath on Tuesday to 33 months in prison and pay nearly $250,000 in restitution on a charge of bank fraud.

Court documents say Horvath wrote a $590,000 bogus loan in early 2012 so that she and her boyfriend could buy a lake home in Michigan. Other loans she made included $200,000 to pay off debt on a timeshare villa in Mexico.

WNDU-TV reports Horvath made a tearful apology for her actions while working at MutualBank's Goshen office. She asked the judge to minimize her punishment's effects on two young children she adopted from Ethiopia.



« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to comments@wbiw.com

Advertise with 1340 AM WBIW
Advertise with 1340 AM WBIW


1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2014 Ad-Venture Media, Inc. All Rights Reserved.   WBIW.com and Listen Live Powered by HPC

Advertise  |  Careers  |  About  |  Feedback