Daily Independent (Ashland, KY)

Local News

December 11, 2013

Greenup bank teller pleads guilty

Brenda Gammon charged with embezzling more than $800,000 during an 8-year period

ASHLAND — The head teller at a Greenup County financial institution on Tuesday pleaded guilty to stealing more than $800,000 from her employer during an eight-year period.

Brenda Gammon, 41, of South Shore, pleaded guilty in U.S. District Court to a criminal information charging her with bank embezzlement and identity theft. A criminal information carries the same weight as a grand jury indictment.

Gammon faces up to 32 years in prison and a fine of up to $250,000 when she is sentenced April 14 by Judge David L. Bunning. The identity theft count carries a mandatory two-year term, to run consecutively with any other sentence Gammon might receive. She also must pay back the money she took, and she could also be required to serve up to six years of supervised release.

In pleading guilty, Gammon admitted she embezzled $829,600 from Home Federal Saving & Loan between June 28, 2004, and July 18, 2012, and that on at least one occasion, she used another person’s identity to do so. The crimes were federal offenses because Home Federal’s deposits are insured by the Federal Deposit Insurance Corp.

During the period over which the thefts occurred, Gammon initially worked as a teller and was subsequently promoted to head teller at Home Federal’s South Shore branch.

According to court records, Gammon devised a scheme where she made applications for “share loans” at Home Federal using the identities of those who had deposits at the bank. Share loans are loans that use customers’ deposits as collateral.

“Gammon, as a teller, had access to the account information of depositors and could determine those customers who had significant deposits on and who typically did not access their funds,” her plea agreement states.

Gammon would bypass the normal loan-approval process, approve the loans herself and then have a check issued and cash it herself, according to records.

In carrying out her scheme, Gammon, on March 11, 2011, used the identity of “another known to (her) to be a real person” to obtain the sum of $100,000, documents state.

Bunning allowed Gammon to remain free on her own recognizance pending sentencing.

Any sentence Gammon might receive will be imposed after consideration of federal sentencing guidelines.

KENNETH HART can be reached at khart@dailyindependent.com or (606) 326-2654.

Text Only
Local News
  • Local entrepreneurs learning to thrive

    Local business owners and entrepreneurs sat down together with community leaders to share ideas for how to help each other thrive in eastern Kentucky’s economic climate.

    August 1, 2014

  • RONNIE ELLIS: Truth and politics don’t always mix

    On this, the most political weekend of the year in Kentucky, the weekend of the wonderfully unique Fancy Farm Picnic, it’s hard to write a column on politics.

    August 1, 2014

  • In Kentucky, execution debate finds new footing

    With a spate of botched executions across the country this year looming over their discussion, Kentucky lawmakers are revisiting some fundamental questions about the death penalty, including whether the state should keep it on the books.

    August 1, 2014

  • Families invited for Fun in the Park

     Free cotton candy, hot dogs and entertainment for an entire day is what Bridges Christian Church in Russell is offering local families during Fun in the Park this weekend.

    August 1, 2014

  • AEP reports stolen copper, fence damage

     All that glitters is not gold — sometimes, it's also copper.

    August 1, 2014

  • Probe of Fairview begins

    Four investigators from the state Office of Education Accountability spent much of Thursday interviewing school officials in a probe of alleged school law violations in the Fairview Independent School District.

    July 31, 2014

  • Grant helps Elliott County High School with $1.7 million geothermal renovation

    Elliott County School District Superintendent Dr. Carl Potter II remembers the night a few years ago when the lights went out in the middle of an Elliott County boys basketball game and interrupted it for some 20 minutes while the lights powered up.

    July 31, 2014

  • Heroin overdose deaths continue to rise

    The Kentucky state legislature passed a sweeping overhaul to its prescription drug law in the summer of 2012 after a flood of overdose deaths, making it significantly harder for people to access dangerous addictive drugs from doctors.

    July 31, 2014

  • Morehead man faces drug charges

    A Morehead man is facing multiple drug charges after taking possession of a suspicious package mailed to his home on Dillon Lane, according to the Kentucky State Police.

    July 31, 2014

  • Highlands’ Artists Market to begin today

    Up-and-coming artists are being offered a rare chance to show and sell their work during the First Friday art walk.

    July 31, 2014