KC Reporter

KANSAS CITY, Mo. – Stacia Wilson, a former vice president of St. Clair County State Bank in Osceola, Mo., pleaded guilty in federal court today to embezzling over $1.5 million from the bank.

Wilson, 60, of Osceola, waived her right to a grand jury and pleaded guilty before U.S. District Judge Brian C. Wimes to a federal information that charges her with one count of bank fraud.

By pleading guilty, Wilson admitted that she created $1,528,321 in false and fictitious loans using bank customers’ information without their knowledge or consent.

As a loan processor at the bank, Wilson had the authority to access and create loans within the bank’s computer system. She abused this power by creating numerous false and fictitious loans and then diverting the loan proceeds for her personal use.

Under the terms of today's plea agreement, Wilson must forfeit to the government a money judgment of $1,528,321. This sum represents the proceeds she obtained as a result of her fraudulent scheme.

Under federal statutes, Wilson could face up to 30 years in federal prison without parole. The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes only. The actual sentencing will be determined by the court based on advisory sentencing guidelines and other statutory factors after completion of a presentence investigation by the United States Probation Office.

Executive Assistant U.S. Attorney David M. Ketchmark is prosecuting this case which was investigated by both the FBI and the Federal Deposit Insurance Corporation.