Kerry T. Hancock, a 34-year-old resident of South Bend, Indiana, has been sentenced to two months in prison after pleading guilty to embezzlement by a bank employee. The sentencing was handed down by United States District Court Judge Damon R. Leichty, according to an announcement from United States Attorney Adam L. Mildred.
Following his prison term, Hancock will serve eight months of supervised release, with the first three months under home detention. He has also been ordered to pay $115,864.84 in restitution.
Court documents reveal that Hancock was employed as a bank teller in Mishawaka when he forged the signature of a bank account holder and withdrew $185,864.84 in cash from an infrequently used account. The stolen money was then hidden at his residence.
The investigation involved multiple agencies: the United States Department of Housing and Urban Development Office of Inspector General, the Federal Bureau of Investigation, and the Federal Deposit Insurance Corporation Office of Inspector General, with support from the Mishawaka Police Department. Assistant United States Attorney Luke N. Reilander prosecuted the case.
