Monday, March 10, 2014
PORTLAND — A former employee of Rockland Savings Bank who is accused of using her position to misappropriate more than $500,000 in loans appeared in U.S. District Court on Monday to face a charge of bank fraud.
Shauna Quinn, 44, of Rockland was arrested in Rockland on Friday. She was ordered Monday by U.S. Magistrate John Rich III to remain in custody for at least one more day, until a detention hearing can be held at 3 p.m. Tuesday.
Quinn allegedly misappropriated $538,795 in the period from July 2008 to June 2011 through advances on loans and lines of credit that were not authorized by the bank, according to a criminal complaint against her by FBI Agent Cameron Mizell.
Quinn was confronted by bank employees on June 24, 2011, and admitted to using her employee privileges to make unauthorized loans to family members and increase credit available balances on home equity lines of credit, according to the criminal complaint.
If convicted, she will face as much as 30 years in prison.
Staff Writer Scott Dolan can be contacted at 791-6304 or at: