Kerry T. Hancock, a 34-year-old resident of South Bend, Indiana, has been sentenced to two months in prison after pleading guilty to embezzlement by a bank employee. The sentencing was handed down by United States District Court Judge Damon R. Leichty, according to an announcement from United States Attorney Adam L. Mildred.
Hancock’s sentence also includes eight months of supervised release, with the first three months served on home detention. He has been ordered to pay $115,864.84 in restitution.
Court documents state that Hancock was employed as a bank teller in Mishawaka when he forged the signature of a bank account holder and withdrew $185,864.84 in cash from an infrequently used account. The stolen cash was later found hidden at his residence.
The investigation involved the United States Department of Housing and Urban Development Office of Inspector General, the Federal Bureau of Investigation, and the Federal Deposit Insurance Corporation Office of Inspector General. The Mishawaka Police Department provided assistance during the investigation. Assistant United States Attorney Luke N. Reilander prosecuted the case.
