Va. banker accused of stealing $8 mil
A Wells Fargo bank employee in Loudoun County has been arrested and held in federal custody without bond after allegedly embezzling nearly $8 million from one customer's account.
Linda Speaks Tribby, 42, lives in Lovettsville, and was a business relationship manager for Wells Fargo. She had worked for the bank and its predecessor, Wachovia, for more than 25 years, according to an affidavit written by FBI Special Agent Mark Richard Stanley. One of her longtime clients, identified in the affidavit as "MDM," opened a "wealth management account" in 2003 which would allow MDM to avoid federal taxes on its earnings, Stanley wrote.
Periodically, MDM would instruct Tribby to transfer funds from a checking account to the wealth management account, in amounts ranging from $600,000 to $2.2 million. But instead, according to Stanley's affidavit, beginning in January 2010 Tribby would transfer the funds into one of several accounts controlled by herself, her husband Brian Tribby, or a man named Scott Whitmore.
Last month, a Wachovia employee grew suspicious of the $2.2 million transfer and contacted MDM, the affidavit states. MDM acknowledged requesting the transfer and produced her wealth management account statement. The bank determined that the statement was phony, Stanley wrote.
The bank and federal agents then searched electronic records and surveillance cameras, and found Tribby transferring hundreds of thousands of dollars to accounts with names such as Majestic Premo Enterprises, Virginia Gentleman Auctioneering Firm and Sight, Sound & Smile Angel Association. MDM had never heard of any of these groups, Stanley wrote.
In six transfers out of MDM's checking account, authorities allege, Tribby embezzled $7,993,000.
Tribby was arrested last week at Dulles International Airport and ordered held without bond, federal authorities said. A hearing to reconsider her bond status is set for Monday in U.S. District Court in Alexandria.
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