A former executive at a Cape Cod bank has been charged with stealing more than $179,000 in the past two years by forging the signatures of seven people on fake loans.

Authorities tell the Cape Cod Times that Kathleen Morris of Truro, a former vice president of commercial lending for Seamen’s Bank, faces charges including larceny over $250 by a single scheme, embezzlement, obtaining credit over $250 by a false financial statement and forgery of a promissory note endorsement.

She is scheduled to be arraigned Oct. 8.

Police allege that from August 2007 to April 2009, Morris set up false loans with forged signatures in the names of seven people, including her mother, without their knowledge.

Morris and her lawyer declined comment when reached by the newspaper.

 

Cape Cod Banker Faces Fraud Charges

by Banker & Tradesman time to read: <1 min
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