Do you keep wondering about that $3.9 million employee theft that First National Bank of Lawrence County discovered in 2015?
So does Whispers.
Things have been very hush-hush outside Walnut Ridge, where quite a few people seem to know — or think they do — the identities of three former employees, all female, who are suspected of the embezzlement.
But we are hearing this: At least one of the suspects is close to waiving indictment and entering a plea deal with the office of the U.S. Attorney for the Eastern District of Arkansas.
Banks like First National of Lawrence County are insured by the federal government through the Federal Deposit Insurance Corp., so stealing from a bank is a federal crime. FNBLC also had private insurance which restored $2.7 million of the loss to the bank’s equity capital.