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Rockland Woman Sentenced for Bank Fraud

| December 11, 2013

Court

Portland, Me: A Rockland woman has been ordered to pay more than 500,000 dollars and sentenced to jail for bank fraud.  45 year old Shauna L. Quinn pled guilty in August and was sentenced Wednesday to 33 years in prison and ordered to pay $538,795 in restitution.  Quinn was the Rockland Savings Bank’s collection manager.  She misappropriated $538,795 of bank funds through improper advances on loans and lines of credit that were not authorized by the Bank.  She also agreed to by the borrower, all of whom were family members. Of that amount, over $295,000 was transferred to banks she controlled and spent by her.  Quinn’s fraud was concealed by her scheme to use ever increasing loan advances to make payments on other fraudulent loans in order to keep them current.

 

 

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