Covington bank employee indicted on theft charges

Covington bank employee indicted on theft charges

COVINGTON, TN (WMC) - A Covington bank employee was indicted on charges of theft from a bank.

Lauren McDivitt, who goes by Melisssa, is accused of embezzling nearly $1 million from the bank she worked at for years.

District Attorney Mike Dunavant confirmed she was indicted on two counts of theft over $50,000 Monday.

The scheme laid out in the indictment shows more than 40 bank customers were affected.

"I think that's terrible. They are trusted people who work at a bank," Tipton County resident Jackie Pope said. "To work with people's money that's not very responsible."

According to the two-count indictment, McDivitt is accused of stealing $810,000 from more than 40 customer accounts from 2006 to December 2016 at the Atoka InSouth Bank where she was the branch manager. According to the Covington Leader, McDivitt was the branch manager and then became assistant vice president in 2012.

In the first count, she took more than $500,000 from one couple's account over a seven year period. In the second count, McDivitt is accused of taking almost $300,000 from 40 customers over a three-year period.

The indictment does not say how investigators found out about the missing money, but the investigation was started by Atoka Police Department and then moved to the FBI.

The bank says the money has been restored to the accounts, including interest.

She was released on bond and is scheduled to go to trial in January.

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