Former Missouri bank executive sentenced for $1.5 million fraud scheme

KANSAS CITY, Mo. – An Osceola, Mo., woman was sentenced in federal court today for a fraud scheme in which she stole over $1.4 million from the bank where she was employed over a period of more than 20 years.

Stacia Wilson, 60, was sentenced by U.S. District Judge Brian C. Wimes to three years and 10 months in federal prison without parole. The court also ordered Wilson to pay $1,435,491.05 in victim restitution.

On May 9, 2024, Wilson pleaded guilty to one count of bank fraud. Wilson admitted that, while she was employed as a vice president of St. Clair County State Bank in Osceola, she defrauded the bank by creating false and fictitious loans utilizing the stolen identity information of bank customers. She deposited the loan proceeds into her personal bank accounts to use for her own benefit.

Wilson’s fraud scheme, which lasted more than 20 years from 2000 until it was discovered in December 2022, resulted in numerous fraudulent loans and a $1,528,321 loss to the bank.

This case was prosecuted by Executive Assistant U.S. Attorney David M. Ketchmark. It was investigated by the FBI and the Federal Deposit Insurance Corporation.