Savings Officer sentenced for embezzling from elderly customers

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TULSA, Okla. – A former bank savings officer was sentenced today for embezzling bank funds from many elderly customers.

Former bank savings officer at Osage Federal Bank was sentenced today to one year and one month in federal prison for stealing $147,466.30 from elderly customers’ bank accounts.

According to reports, Patricia Swearingin of Bartlesville embezzled bank funds from 23 elderly customers’ accounts through the use of her position as a bank officer.

In December 2013, Swearingin pleaded guilty to misapplying funds.

Swearingin would reportedly withdraw funds from dormant bank accounts that held certificate of deposit interest income owned by elderly customers.

She would forge a customer’s name on a check and present the check to the bank’s drive-through teller, falsely stating that the account customer was waiting in her office.

According to a press release from The Department of Justice, most of the stolen funds were used for casino gambling.

U.S. District Judge James Payne also ordered Swearingin to pay restitution to the bank in the amount of $159,022.45, which includes the $147,466.30, plus the bank costs of investigating the embezzlement, and forfeited $45,137.02 from her retirement account.

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