Bank executive indicted on embezzlement charge - WMC Action News 5 - Memphis, Tennessee

Bank executive indicted on embezzlement charge

Deborah Shaw, a former employee of this bank, is charged with three federal counts of embezzlement. Deborah Shaw, a former employee of this bank, is charged with three federal counts of embezzlement.
Shaw is charged with embezzling from an account created for Morgan Shaw, 6, who was abducted from her home and shot.  She was later found alive.  Here, Marshall County residents look for the missing girl. Shaw is charged with embezzling from an account created for Morgan Shaw, 6, who was abducted from her home and shot. She was later found alive. Here, Marshall County residents look for the missing girl.

(WMC-TV) - A banking executive in Holly Springs, Mississippi was recently indicted and accused of embezzling money from a special benefit account for a child shot and left for dead in 2006.

Deborah Shaw of Marshall County, Mississippi is charged with three federal counts of embezzlement.

After a massive search for missing 6-year-old Morgan Shaw in 2006, the young girl was miraculously found alive.

Investigators say she was abducted from her parents' home.

Nearby communities and citizens rallied to raise money for a benefit account to help pay medical bills and support the family.

Action News 5 uncovered that more than $108,000 of that money was embezzled, according to federal court documents.

Neighbors in Deborah Shaw's community did not want to go on camera, but said Deborah married a distant relative of Morgan Shaw's family years ago.

Court records revealed that Deborah Shaw was accused of moving money from the benefit account to other accounts that she owned or controlled.

The indictment states that the alleged embezzlement took place while Shaw was a banking executive for Merchants and Farmers Bank in Holly Springs from 2005 to 2011

Shaw was also accused of defrauding the bank out of more than $125,000 from the holding company and payroll accounts.

I went by Deborah Shaw's most recent address in Waterford, Mississippi and no one answered the door. I left a business card, and no one called back.

Deborah Shaw's attorney, Leigh Ann Darby, was in court Wednesday, and her office said she likely wouldn't be able to comment.

An employee with Merchants and Farmers Bank passed my message on to their president, but the phone call was not returned as of late Wednesday.

Stay with Action News 5 for the latest on this developing story.

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