Lynrocten's Former Head Teller Pleads Guilty to Federal Charges - - ABC13

Lynrocten's Former Head Teller Pleads Guilty to Federal Charges


Lynchburg, VA - The former head teller of the Lynrocten Credit Union pleaded guilty Tuesday to federal embezzlement charges.

Teresa Humphries appeared before a federal judge in Lynchburg, accused of operating a fraudulent loan scheme and stealing more than $1 million from the credit union.

But prosecutors say Humphries did not act alone. They haven't charged Linda Susan Newcomb, the manager of the credit union, but say she also took part in the scheme, leading to the federal credit union's collapse.

Last May, investigators with the National Credit Union Administration shut down Lynrocten's office on the Concord Turnpike.

Prosecutors say Humphries and Newcomb took out more than 800 false loans using the names of account holders, worth more than $10 million.

From 2007 to 2013, Humphries personally stole between $3,000 and $4,000 every month that she deposited into accounts belonging to family members, prosecutors said.

Humphries faces a maximum of 30 years in prison and a $1 million fine. She's scheduled to be sentenced on March 28 at 11 a.m.

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