Brought to you by WBIW News and Network Indiana
Last updated on Thursday, October 31, 2013
(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.
1340 AM WBIW welcomes comments and suggestions by calling 812.277.1340 during normal business hours or by email at email@example.com
© Ad-Venture Media, Inc. All Rights Reserved.
Click here to go back to previous page