By rdnewsNOW staff

Former ATB employee pleads guilty to fraud

Jan 7, 2019 | 12:21 PM

A former ATB employee in Sylvan Lake accused of defrauding the financial institution of more than a million dollars pleaded guilty Monday in Red Deer provincial court.

Sarah Miles Brouilette, 38, pled guilty to one count of fraud over $5,000.

The case has been adjourned until March 1 where an agreed statement of facts is expected to be entered and a date set for sentencing.

Sylvan Lake RCMP began their investigation into the matter in August 2017 after receiving a report from ATB alleging an employee had forged a customer’s signature and obtained a loan in their name.

However, due to the complexity of the investigation, the Red Deer RCMP fraud unit took over the file and worked closely with ATB Corporate Investigations to trace a series of fraudulent transactions.

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Mounties say the investigation uncovered numerous loans obtained by using the personal information of clients and other people known to the suspect for a total amount of $1,148,020.

Police say the employee was terminated from her position as a loan officer with ATB as soon as the allegations surfaced, adding that the alleged victims were contacted and assured they would face no financial loss.

Brouilette faces five other counts including theft over $5,000 and two counts each of possession of property obtained by crime over $5,000 and laundering the proceeds of crime. These counts are also expected to be dealt with on March 1.