Former bank vice president used convict's name to defraud

A former Colonial Bank vice president tearfully admitted to forging names on loans that put the bank out thousands of dollars.

Gina Mitchele Carroll, 37, pleaded guilty Thursday in federal court to bank fraud — a charge that warrants a maximum of 30 years in prison.

Assistant U.S. Attorney Brendan Flanagan said Carroll forged the names of a man incarcerated for murder and a woman who was his guarantor in 2003 and 2004. The man never got the money, but was instead used by Carroll.

The first time was for a $32,500 loan to pay off some debts. The second, for $50,000, was used to pay off the first loan and other debts, the prosecutor said.

All the money has since been repaid by Carroll.

On April 14, 2005, Carroll wrote a letter before she was terminated in which she admits to improper acts she committed. The letter, however, doesn't mention the two loans. Those were discovered after she lost her job, Flanagan said.

Carroll remains out on bond pending her sentencing.