Pa. Woman Admits $1.1M Minority-Owned Bank Fraud
by Joe Mandak
PITTSBURGH (AP) - A woman pleaded guilty Wednesday to bank fraud and money laundering for taking advantage of an electronic banking glitch that enabled her to make $1.1 million in overdraft withdrawals, which regulators have said contributed to the failure of what once was Pittsburgh's only minority-owned bank.
Jammie Harris, 46, of Pittsburgh, learned of the glitch at Dwelling House Savings and Loan from another woman and made 272 fraudulent transactions from February to December 2008, blowing the money on drugs, clubbing and other luxuries though she also bought a house for her mother, Assistant U.S. Attorney Paul Hull told the federal judge who accepted Harris' guilty plea.
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