Senior Bank Vice President Uses False Documents To Defraud Employer Out of $411,923 in a Scheme Spanning Six Years

A former bank executive has just pleaded guilty to stealing hundreds of thousands of dollars from her employer.

Amy Jo Reid stole $411,923 when she was working as a senior vice president and the director of purchasing for an unnamed bank in Green Bay, Wisconsin, according to court documents obtained by Fox11.

Reid committed the fraud scheme using bank-sponsored credit cards, known as “purchase cards” or “p-cards” that were intended for bank-related purchases. Instead, Reid charged personal expenses on p-cards and faked documents to make it look like they were bank-related expenses from about May 2018 to May 2024.

“As part of her scheme, Reid nominally followed this procedure to conceal her unlawful activities when she repeatedly charged personal expenses to p-cards, including flights, hotel reservations, and rental cars for herself and her family, her residential property taxes, flood remediation at her residence, casino gambling, and Amazon purchases.

To accomplish the scheme and avoid detection, Reid submitted doctored receipts that disguised the purchase in some material way as a work-related expense, and other times she submitted no receipt but made materially misleading statements that it was a work-related expense.”

Reid has pleaded guilty to three fraud charges. She also agreed to pay $411,923 in restitution to the bank.

Each charge carries up to 30 years in prison and a $1 million maximum fine.

Generated Image: Midjourney