WV bank official pleads guilty to embezzlement - WOWK 13 Charleston, Huntington WV News, Weather, Sports

WV bank official pleads guilty to embezzlement

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CHARLESTON, W.Va. (AP) - A former executive with J.P. Morgan Chase Bank in Charleston has pleaded guilty to embezzling more than $530,000.

Mark McCoy was vice president of private client banking services at the Charleston branch from September 2008 until June 2012. He pleaded guilty in U.S. District Court on Tuesday.

U.S. Attorney Booth Goodwin says McCoy admitted creating cashier's checks or using the proceeds from the original cashier's checks to create additional, unauthorized checks.

McCoy admitted to stealing from nine personal and corporate accounts between November 2009 and April 2012, including $59,000 from a car dealership that he used to buy a Cadillac Escalade.

Prosecutors say a $22,000 check went toward a 1968 Chevrolet Camaro.

McCoy faces up to 30 years in prison and a fine of $1 million when sentenced.