A loan officer in Tacoma, Wash., has been accused of siphoning $1.3-million from a mission for the homeless that did business with his bank, writes The News Tribune.
Jeffrey R. Goodell was charged Thursday with one count of bank fraud. He is slated to appear in court Tuesday and is expected to plead guilty, the Tacoma daily also reports.
Prosecutors allege Mr. Goodell and others conceived the scheme in 2010 after the Tacoma Rescue Mission opened an account and lines of credit at Northwest Commercial Bank. According to charging documents, he drafted cashier’s checks and made transfers from the charity’s accounts, and lied to superiors to hide the theft.
The mission, which provides shelter and jobs for the homeless, said on its Web site Thursday that it has not suffered any losses because Northwest Commercial restored its accounts to their original balance.