News

Ex-Houston Banker Gets 3 Years For Embezzlement

View Comments
File photo of a courtroom. (credit: Joe Raedle/Getty Images)

File photo of a courtroom. (credit: Joe Raedle/Getty Images)

Featured Items

Small-Wtt8 Offensive Stars J.J. Watt Is Better Than

Small-WttTerran Hilow W/ Triple Threat

77820352_8Hot Cheerleader - Funny Faces 2014

From Our CBS Music Sites

77820352_8JJ Watt Sends Pizza To Houston Police & Firefighters

77820352_8It's Official, Katy Perry Will Perform at the Super Bowl Halftime

listicle41 Ex Houston Banker Gets 3 Years For Embezzlement The Health Benefits Of Growing A Beard

77820352_8Fight Ensues Because Of A McGriddle [VIDEO]

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

HOUSTON (AP) — A former Houston banker has been sentenced to three years in prison for stealing $340,000 from accounts he opened using the names of family and friends.

A federal judge in Houston on Wednesday sentenced 39-year-old Shawn Nelson. The former executive at Members Choice Credit Union in June pleaded guilty to embezzlement. Nelson must also repay the money.

Prosecutors say Nelson from 2001 through 2010 opened the unauthorized funded accounts and then withdrew the money.

Nelson remains free on bond until a date is set for him to report to prison.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 25,290 other followers