Former Hancock Bank employee faces embezzlement charge - - The News for South Mississippi

Former Hancock Bank employee faces embezzlement charge

Margaret Migues Margaret Migues

GULFPORT, MS (WLOX) - A former Hancock Bank employee is facing embezzlement charges. Margaret Migues, 52, is accused of stealing from customers accounts for nearly 30 years.

Court records do not say exactly how much Migues allegedly stole between 1980 and 2009, but we reported last summer that it could have been as much as $1 million.

Hancock Holding Company President and CEO Carl J. Chaney said, "I believe I speak for the other 2,200 Hancock Bank associates when I say we are pleased that the U.S. Attorney's Office has filed these charges.

"When we first learned of this matter in July 2009, we promised that no customer would lose a penny as a result of this incident. That's why we hired one of the most highly regarded forensic accounting firms in the country to help us make sure we made our customers whole. After their investigation, we issued checks for full restitution to every customer involved, including any interest owed to them. We also provided the results of our internal investigation to the FBI.

"We applaud and support the U.S. Attorney's prosecution of this matter and respect the FBI's request to limit specific comments that could jeopardize their ongoing investigation."

Migues, a long time employee at the Ocean Springs Branch of Hancock Bank, is charged in a one count criminal bill of information. That is often filed by prosecutors when the defendant agrees to waive a grand jury indictment and plead guilty.

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