Summary
A federal judge sent a former Bank of Ephraim official and his high-school friend to prison Friday -- setting aside arguments that the bank was already headed toward failure before news of their decades-long, multimillion-dollar embezzlement scheme was unearthed last year.
U.S. District Judge Tena Campbell acknowledged the 99-year-old bank was in a precarious financial position before the theft was discovered but found the men's conduct delivered a substantial blow to the institution's soundness.See the full content of this document
Extract
Embezzlers Get Prison Terms
Campbell used that fact, along with a finding that Randy K. McArthur and Dean Johnson stole some $4 million from the Bank of Ephraim, to reach the ...
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