Bank officer Keith Simpson pleads guilty to embezzlement

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A resident of Butler, Pennsylvania, Keith Simpson pleaded guilty in federal court to a charge of embezzling from a federally insured bank, Acting United States Attorney Soo C. Song announced.

Keith Simpson, 60, of Butler, Pennsylvania, pleaded guilty on Monday to one count of embezzling from a federally insured bank before United States District Judge Cathy Bissoon.

In connection with the guilty plea, the court was advised that from around April 2014 until around April 2016, while serving as Chief Accounting Officer of West View Savings Bank, Simpson embezzled approximately USD41,806.90 from his employer.

Judge Bissoon scheduled sentencing for December 6, 2017. The law provides for a total sentence of 30 years in prison, a fine of USD1,000,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.

Assistant United States Attorneys David Lew and Lee J. Karl are prosecuting this case on behalf of the government.

The Federal Deposit Insurance Corporation, Office of Inspector General, conducted the investigation that led to the prosecution of Simpson.