Ex-SunTrust manager in Va sentenced for fraud

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Associated Press

Posted on December 15, 2009 at 11:50 AM

Updated Tuesday, Dec 15 at 11:50 AM

ROANOKE, Va. (AP) — A former executive who stole more than $42,000 from SunTrust Bank will spend eight months on home confinement.

Douglas Calvin Powell of Roanoke must pay $42,805 in restitution and spend three years on supervised release when he completes his sentence. The 52-year-old Powell was sentenced Monday in U.S. District in Roanoke.

Powell had pleaded guilty in September to bank fraud.

He is a former regional bank operations manager and assistant vice president.

U.S. Attorney Timothy J. Heaphy says Powell took advantage of a loophole in the bank's record-keeping procedures for safety deposit boxes to obtain official checks made to himself.

He used the checks to pay for purchases of personal items made with his corporate credit card.

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