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Cease and desist order issued against Spokane woman for embezzlement from Bank of Idaho
Marc Lutz//August 14, 2024//
The Bank of Idaho opened a permanent branch in Nampa in 2020. Photo by Sharon Fisher
Cease and desist order issued against Spokane woman for embezzlement from Bank of Idaho
Marc Lutz//August 14, 2024//
An order to cease and desist and impose penalties was issued from the Idaho Department of Finance against a Spokane women convicted of financial crimes.
Jessica Ann Marshall, of Spokane, was charged and convicted of embezzling at least $345,664.66 while working as a branch manager for the Bank of Idaho from June to September of 2023.
According to IDOF, “Marshall’s actions were in direct violation of the Idaho Bank Act (IBA), Idaho Financial Fraud Prevention Act (IFFPA) and U.S. Code Title 18. [She] is ordered to cease and desist from violations of the IBA and IFFPA, not seek or accept employment with or become employed by an Idaho chartered or licensed institution without prior written consent of the director and pay civil money penalties of $5,000 in addition to and subordinated with the restitution ordered in the criminal case.”
Marshall has 28 days from the issuance date of the order to appeal. She was charged on May 6, 2024, by the U.S. Attorney’s Office in the U.S. District Court for the Eastern District of Washington with one count of criminal violation of “theft, embezzlement or misapplication by bank officer or employee. On May 21, she pleaded guilty to the charge, agreeing to pay restitution for the full amount to the Bank of Idaho, a release stated.
On July 10, Marshall was incarcerated at the Yakima County Department of Corrections and is serving a two-year sentence and five years of supervised release when she is let out.
