For two years Carol Ezell was stealing from her bank. She was a branch manager at Bank One (now JP Morgan Chase) in Louisville, KY. In April 1999 she began approving loans which were not collateralized as reported, she approved fictitious loans, misapplied loan proceeds, overdrew lines of credit and embezzled bank monies causing a loss of more than $925,000.

Sentencing is scheduled for September 7. She faces 30 years in prison and $1 million in fines.

The facts as to motivation and methods are unknown. Cases such as this should cause institutions to reflect on internal controls and independent testing of transactions.