Former Montana Bank President Sentenced - Spokane, North Idaho News & Weather KHQ.com

Former Montana Bank President Sentenced

BILLINGS, Mont. - The former president of a branch of Yellowstone Bank in Billings has been sentenced to four months in prison for embezzling just over $17,000. William Guy Paul's sentence, handed down Wednesday by U.S. District Judge Richard Cebull, includes four months of house arrest and a $5,000 fine.

Assistant U.S. Attorney Ryan Archer said Paul took more than $10,000 from the bank in 2008 and deposited it into his personal bank account. In June 2009, bank officials found that Paul took more than $7,000 that was supposed to be paid to a customer. Paul worked 11 years as a commercial lender and president of the downtown bank branch. He was fired in June 2009. Kelly Varnes, Paul's attorney, has said Paul made full restitution.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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