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Former banker pleads to embezzling $50,000

In a federal plea deal, a former SunTrust Bank executive admitted forging signatures to issue checks to himself.

Douglas Calvin Powell Jr., a former assistant vice president at SunTrust, pleaded guilty to one count of bank fraud in U.S. District Court in Roanoke, reports The Roanoke Times. His plea was part of an agreement structured to move his case through court as quickly as possible.

Powell allegedly used the checks to reimburse his corporate credit card, which he was using for personal expenses.

He faces up to 30 years in prison and up to $1 million in fines.

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