OXFORD – Petite, 41-year-old Tammy Moffitt of Ripley says she lost her husband, her family, her good reputation and her credibility when she defrauded Regions Bank of more than $1 million.
“I am sorry for what I have done,” she told U.S. District Chief Judge Michael P. Mills, who Thursday sentenced her to 51 months in prison.
The scheme, which ran from 2003 to 2007, may involve others, U.S. District Court documents hint. But Daily Journal requests for more information were not answered by the U.S. Attorney’s Office, Regions Bank or Moffitt’s, Rob Laher of Tupelo.
She was accused of using customers’ names and Social Security numbers to take out 21 fake loans.
For Moffitt’s cooperation with the government, 42 other counts against her were dropped Thursday.
Mills ordered the former Regions financial services officer to pay more than $1 million in restitution to the bank.
According to a U.S. Probation Service representative, she already has $60,000 to start that repayment. She will do so immediately, Mills ordered.
Indicted March 20, 2008, Moffitt has been out on $5,000 bond. She changed her plea to guilty Sept. 22, just a week before she was set to go on trial.
When she pleaded guilty, the government revealed that its investigation began in March 2007 after Moffitt’s brother tried to refinance a loan and was told he had a $45,000 outstanding loan with Regions.
He later found that the loan had been opened by Moffitt.
A Regions Bank investigator discovered the larger scheme after reviewing other accounts she had opened.
“There is no excuse good enough for what I have done,” she told the court. “I hope to God they forgive me. I have a problem forgiving myself.”
Mills allowed Moffitt to delay her prison report until June 8, after her youngest son’s high school graduation in May. The U.S. Bureau of Prisons will assign her to a facility.
Contact Patsy R. Brumfield at (662) 678-1596 or email@example.com.
Patsy R. Brumfield/Daily Journal