Former Bank of America Executive Sentenced to 37 Months for Embezzling Church Funds
A former Lubbock bank executive was sentenced today for embezzling funds from a church.
53 year-old Donnie Wright was sentenced today by U.S. District Judge Sam R. Cummings to 37 months in federal prison. Wright was also ordered to pay $385,300 in restitution.
Wright is a former branch manager at the Bank of America located at 5144 82nd Street. Beginning in May 2006 and through January 2010, Wright used his position as an employee of Bank of America to embezzle funds from Community Baptist Church (CBC), a church he was a Deacon.
Wright used a number of methods to embezzle the funds owned by CBC, according to the U.S. Attorney’s Office in Lubbock. Wright embezzled from CBC’s Certificate of Deposits held at Bank of America, making cash withdrawals using debit cards associated with the church’s account, and fraudulently drawing checks on CBC’s checking account.
Wright will surrender to the Bureau of Prisons next month.