Former Bank Manager Sentenced For Embezzling More Than $45,000

(DEPARTMENT OF JUSTICE RELEASE) - Memphis, TN – The former manager of the Regions Bank Whitehaven North Branch was sentenced to 15-months in federal prison. Lawrence J. Laurenzi, Acting U.S. Attorney for the Western District of Tennessee, announced the sentence today.

Renwick Chavez Edwards, 46, pled guilty in February of this year to a charge that he embezzled $45,002.71 from Regions Bank in March 2014. According to information presented in court by the United States, at the time of Edwards’ guilty plea between October 2013 and March 2015, Edwards embezzled approximately $223,000 from accounts of Regions’ customers.

In addition to the 15-month sentence in federal prison, Edwards was ordered to pay restitution to Regions Bank in the amount of $226,332.02 and to serve a period of three years on supervision after his release from prison.

 

The case was investigated by the United States Secret Service. Assistant U.S. Attorney Carroll L. Andre III is prosecuting this case on the government’s behalf.


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