CHARLESTON, W.Va. — The former executive of a Charleston-based Chase Bank could be heading to prison for embezzlement.

Mark Alan McCoy, of Charleston, will be sentenced at 11 a.m. Wednesday in U.S. District Court in Charleston by U.S. District Judge Irene Berger for embezzling more than $500,000 from his employer.

The 46-year-old worked as the vice president of private client banking services at the bank’s Charleston branch from September 2008 until June 2012.

While employed, McCoy stole around $532,395 belonging to Chase Bank from approximately nine separate personal and corporate bank clients’ accounts.

From Nov. 30, 2009, through April 19, 2012, he created cashier’s checks for himself or used the proceeds from the original cashier’s checks to create additional unauthorized checks.

McCoy previously pleaded guilty in March to embezzlement by a bank officer. He faces up to 30 years in prison and a $1 million fine for the crime.

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Comments

  • J Frost

    Any updates?

  • ConservativeRealist

    "While employed, McCoy stole around $532,395 belonging to Chase Bank from approximately nine separate personal and corporate bank clients’ accounts." - doesn't the money in accounts BELONG to the individual account holders?...insured by the FDIC?

  • STEVE DAVIS

    He didn't have a mask, a gun, or a get-away car.
    Hope I'm wrong but I suspect our sensibilities haven't caught up with the 21st century version of bank robbery. He'll get a "now don't let me catch you doing that again" sort of punishment.