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Posted at 10:16 AM ET, 02/ 4/2011

Va. banker accused of stealing $8 mil

By Tom Jackman
Tom Jackman

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.

Tribby's arrest was first reported by Loudoun Times.com and Leesburg Today.

By Tom Jackman  | February 4, 2011; 10:16 AM ET
Categories:  Financial Crimes, Loudoun, Tom Jackman  
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Comments

another madeoff...

Posted by: 10bestfan | February 4, 2011 11:12 AM | Report abuse

Caught her at the airport! If she was smart she would of driven to Canada thru Maine, and then gone to an airport.
However, if she really was smart, she wouldn't of tried to embezzle $8 million dollars and come up with a way to earn it honestly.

Posted by: MarilynManson | February 4, 2011 11:34 AM | Report abuse

"THUG"

Posted by: PublicEnemy1 | February 4, 2011 11:36 AM | Report abuse

The real crime is being stupid enough to let someone embezzle $8,000,000 from your accounts.

Posted by: rjregan | February 4, 2011 1:24 PM | Report abuse


began her crimes AFTER Madoff's arrest in December 2008


Power and the money, money and the power,
Minute after minute, hour after hour,

We've been spending most our lives
Living in a gangsta's paradise.
We've been spending most our lives
Living in a gangsta's paradise.

Posted by: blasmaic | February 4, 2011 2:00 PM | Report abuse

Alarmingly brazen...tells me that she felt confident enough in the lack of internal controls at Wachovia/Wells that she could do this more than once and for such a large amount.
That should be a HUGE red flag to customers and shareholders of either.

Posted by: BigDaddy651 | February 4, 2011 2:40 PM | Report abuse

MDM is loaded.....; and Tribby is stupid and greedy. Does FDIC cover this sort of thing?.....if so, the banks premiums will go up again......

Posted by: Pstacy | February 4, 2011 4:15 PM | Report abuse

FDIC insures depositor to $250,000, but that's against bank failure not employee dishonesty. However, the accounts where she transferred the money seem to be within the same organization.

Posted by: blasmaic | February 4, 2011 4:24 PM | Report abuse

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