The FDIC fined former Renasant Bank Senior Vice – President Natalie Arnemann $5,000 and barred her from the banking industry. The June 2021 FDIC order states:
Over a six-month period from November 2018–April 2019, Respondent, a Managing Director and Senior Vice President of the Ridgeland, Mississippi branch of Renasant Bank, Tupelo, Mississippi (Bank), repeatedly wrote checks on accounts with insufficient funds (NSF checks) that she controlled at the Bank, approved without authorization many of these overdrafts, and wrote additional NSF checks to cover the prior overdrafts she had approved. The total of the overdrafts she approved without authorization was $198,705....
NATALIE L. ARNEMANN is prohibited from: a. participating in any manner in the conduct of the affairs of any financial institution or organization listed in 12 U.S.C. § 1818(e)(7)(A);
Mrs. Arnemann did not have to admit to any wrongdoing.
45 comments:
Factoid: Her husband backed the wrong guy in 2019.
Guess now we all know why she switched careers this summer.
wow,,,stole about 200,000$ and only got to pay back 5000$,,,,,,,,,,nice little profit margin
Is there an indictment looming? Or has this been squashed already?
Was it Clyde Barrow or Dillinger who said, "Hell, I ain't rob no bank, they gave me the money". ?
Who was her attorney?
Rules for thee but not for me!
Oy Vey!
Keeping up with the Joneses can be expensive.
Somewhere in MS tomorrow, a black kid will be given twenty years for knocking off a convenient store. Someone pulled over with some dope will get sent to the pokey. But an upper middle class suburbanite who stole $200,000 dollars gets to go about her life with a $5,000 fine and a promise not to do it again. And we wonder why people think the system is rigged to hell and back.
FDIC rarely prosecutes. It's a practice that has drawn much criticism over the years. It woult would rather settle and fine with no wrongdoing admitted than go to court. wSJ has slammed it for a long time over such cases. Doesn't matter who the President is, FDIC and SEC do it repeatedly.
9:36 -- Every three days someone gets murdered in Jackson. The mayor doesn't care. The arrested participate in the "catch and release" program or get "blessed" by Judge Tommie Green.
Meanwhile, 9:36 and the Clarion Ledger create a racism claim when they know the FDIC cannot prosecute.
Banker here- nowhere do I read that she embezzled $198,000. What I read is that she approved overdrafts on accounts on which she was a signer, which is a no-no for obvious reasons. I suspect from the punishment that any loss to the bank was much smaller.
Bankers who do this, usually do it after they finally learn the truth about our fraudulent scam monetary system. It really is best to not see the sausage making.
Mr. Banker.....willful ignorance or knowingly allowing falsification of monetary transactions (in the tens of thousands)seems like there could easily be federal crimes pursued - false claims, fraudulent inducement, mail fraud, etc. No?
Realtor here! Just checking in.
Get your facts together before making baseless claims. The FDIC has no prosecution authority. The bank is responsible to report a finding such as this when discovered to the FBI and to notify the FDIC. The FBI reviews the matter and decides whether to investigate and determine guilt. Based upon its conclusions, the FBI can refer the matter to the US Attorney for prosecution. The FDIC has the option to ban the person from banking based upon the findings, which they did.
Order never said anything about embezzlement. We all have our theories but the order is rather sparse in details. The fine is rather small as pointed out but she is banned from the banking industry. That's probably a bigger deal than the fine but feel free to correct me.
We all know that banking is nothing more than a shell game. They move numbers around when needed to make the balance sheet look good or float an account till it can be reimbursed.
Kinda funny that this woman got fined and banned from the banking profession while NO ONE SPECIFIC PERSON at the "Too Big to Fail" banks got in trouble, in any manner, with almost destroying our financial system in 2008 with fraudulent loans and schemes.
So Pelosi is wrong. Apparently there are people above the law.
Hey, Banker There. Person who can read here. She didn't just authorize overdrafts on accounts on which she was a signer. She wrote the checks as well. She stole money. How long it was before it was paid back, whether it is paid back now, or how much total stolen money there was (given that some overdrafts were simply covering prior overdrafts), we are not told.
If money is taken from accts improperly, the bank is responsible.
Banks rarely prosecute themselves because they don't want the publicity that makes people think that their money is not safe in their bank ie can easily be stolen.
Confused as to why this is NEWS! This happened 3 years ago and the case is settled- Seems to me this was posted to shame and embarrass- Now that everyone has got a story to gossip about- Can we move on?
Don't reckon there will be an episode of "SEC Shorts" dealing with this one?
Slow news day? This was handed down in June of this year. Why is it newsworthy now?
198,000 is a felony right ? Right ? I've seen larger fines for taking broken trailers from the road side. She can't work in the banking industry anymore ? Ooooooooo......strong punishment. Pffffft.....pffffft......Some Board of Supervisors will hire her to watch over tax payer money ! Look out Kenny Wayne !
So, to be clear...Had she appeared at the cashier's cage, unarmed, wearing a hoodie, produced a note that demanded the same amount, she would be prosecuted for bank robbery. But, since she was wearing heels and a tight skirt and did it from her desk, she's good to go.
Hey banker, is that check kiting? Please enlighten us since you're an expert.
If her boss, the Regional President, would have been paying attention instead of asleep at the wheel, Renasant Bank would not have lost $198,705.
All right,knuckleheads, no going into her social media pages and post them here.
This woman has done a lot of good in her life. None of us has all the facts. It’s a shame so many people relish when others falter.
@9:43 Why worry about a caught thief being "shammed" and "embarrassed"?
Really? She should/could go to jail instead of still bouncing around CCJ like nothing happened.
11:58 : So she was over drafting in secret donations to CARA and Blair E Batson ? I imagine she got in deep financially and used her place in the company to save herself. I am currently in a similar situation and sure do wish I could write a bunch of bad checks...........lol. Nevermind. You are right, many do love to watch train wrecks.
Still trying to figure out why this is NEWS?! An event that happened 3 years ago and has settled. It was obviously posted on here to stir up and embarrass an individual. Shame on this site and for others who just want to see someone fail. We don't know all the facts but I do know the bank did not lose any money and she was barred from the banking industry. The rest of this is slander and just hateful.
Is there proof the bank actually lost money? I assume the bounced checks have sinc3 been covered.
@12:23
It is news because it goes to show that well-heeled criminals get perks that lesser criminals don't get. Honestly, there are people that get charged all the time for writing bad checks. She was on the inside, so the bank probably let her walk to avoid public shame and any number of other reasons. She may not have been the only one doing such a thing within the bank.
It is also news because the owner of this site felt it should be news for whatever reason he decided.
@12:23 The crime may have been committed 3 yrs ago, but the FDIC report was recent. The report is in the public domain. Maybe you knew about the crime 3 yrs ago, but apparently few others did. Paying back stolen money after being caught is a mitigating factor, but it doesn't mean it wasn't a crime. Paying it back kept her from being formally charged and indicted. Its not hateful, its accountability. She is lucky.
Are people trying to argue that criminals of all walks of life don’t go free around here? The majority of violent acts are committed by thugs out on bond! Please spare me with these bleeding hearts regarding a slanted justice system. It’s bad ALL around.
@1:30 Amen!
The Fashionable NE Jackson old money club- membership has its privileges. Just look at all the previous posts. No reason to name people, we all know how it works
What is CCJ and its relevance to this story?
How did this cutie, at such a young age...manage to climb the ladder to Executive or Senior Vice President?
Kingfish, you sly devil...thanks for mentioning her social media page in order to drive hundreds of readers to that location.
@Dec 9, 1:30
Not a bleeding heart, but were charges even pressed against her? She walked without even having to deal with the criminal justice system. Those who have bonded out at least were caught and are in "queue" to be dealt with. So there is still a difference. I want them all dealt with, regardless of socioeconomic status.
@2:15 CCJ= Country Club of Jackson. It I relevant because the named still bops around there like nothing has ever happened.
She probably climbed the ladder due to a solid education and knowledge of her industry. She also got in trouble due to her knowledge of the industry.
10:51 - You mention 'trouble'. What trouble? If she's 'bopping around' with no prosecution....where's the'trouble'?
If she were a black woman in a drive-through, stealing water-bill payments of a far lessor amount, she'd have been prosecuted.
But, then, 'a solid education and knowledge of the industry' do sorta make a difference.
I heard about this at a company Christmas party Monday but did not know you had posted an article. I thought they were talking about her sister’s sticky fingers and the missing cheerleader funds at a local private high school discovered back in the summer. Her husband paid it back, so that makes it ok, right?! Not in my book.
I’ve know both sisters since childhood and have never been as disappointed as I am right now. I’d get off social media & stop pretending you both aren’t the CRIMINALS you are. Your mother raised you better than this.
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