A former bank loan officer was sentenced to four years in prison for siphoning more than $1-million from a Washington State charity to pay for unauthorized loans to friends and associates, writes The News Tribune of Tacoma.
Jeffrey Goodell pleaded guilty after being charged with bank fraud in October. At Monday’s sentencing, he was also ordered to pay more than $900,000 in restitution to the Tacoma Rescue Mission.
Prosecutors said Mr. Goodell, a loan officer at Northwest Commercial Bank, steered funds from accounts and lines of credit held by the charity to people he knew, then lied to bosses and created a false paper trail to hide the fraud. Mr. Goodell was fired in 2010 after the fraud allegations surfaced.