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Ex-bank employee charged with fraud

Published: Thursday, March 14, 2013 11:19 a.m. CST • Updated: Thursday, March 14, 2013 11:23 a.m. CST
Caption
Audrey E. Smith

A former employee of an Oregon bank faces several charges, including theft and financial fraud.

A March 8 press release from the Illinois State Police announced the arrest of Audrey E. Stanley, 32, Dixon, "after a lengthy investigation" on charges of theft, financial fraud, computer fraud, financial exploitation of an elderly person, and wire fraud.

In Lee County Court documents, Stanley is called Audrey E. Smith.

The documents say Smith made a series of withdrawals from an elderly woman's bank accounts and took out loans on the victim's property.

The crimes involved accounts at Amcore and Midland States Banks, authorities said.

Smith was manager of the Oregon branch of Rockford-based Amcore Bank, which was sold to Effingham-based Midland States Bank in January 2011.

Court records don't indicate whether Smith committed her crimes in her role as a bank employee.

According to the bill of indictment:

Smith made the withdrawals between Aug. 2, 2006 and April 15, 2010, from accounts held at Amcore and Midland States in the name of the victim, a Dixon resident. Smith also took out a mortgage loan on the woman's house and, as a result, obtained more than $100,000.

In April 2007, Smith, using the victim's power of attorney, took out a $55,000 residential mortgage loan from Amcore Bank on property owned by the victim in the 800 block of North Ottawa Avenue. It was done without the woman's authority.

In April 2010, Smith transferred $1,855 from the woman's bank account to Smith's account without the victim's consent. Smith made other withdrawals as well.

Smith was released from the Lee County Jail on Monday after posting $15,000 of her $150,000 bond.

Dixon attorney Kelly Ward, who is representing Smith, couldn't be reached for immediate comment.

A message left at the Oregon branch of Midland States wasn't returned.

The state attorney general's office is handling the prosecution.

The case is set for a pretrial hearing on March 21.

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