PITTSBURGH — A Butler man was indicted Wednesday by a federal grand jury in Pittsburgh on a charge of embezzling tens of thousands of dollars from West View Savings Bank over a period of two years.
The U.S. Attorney’s Office in Pittsburgh said Keith A. Simpson, 59, embezzled $41,806 from the bank between April 2014 and April 2016. Simpson was serving as the bank’s chief accounting officer at the time, prosecutors said.
The Federal Deposit Insurance Corporation conducted the investigation which led to Simpson’s indictment. He is charged with one felony count of theft, embezzlement or misapplication by bank officer or employee
Prosecutors said that if convicted, Simpson faces a maximum of 30 years in prison, a fine of $1 million or both.