Loading
TAMPA — Former HSBC employee Michelle Guy was sentenced to 48 months in prison and ordered to pay $2.28 million in restitution for wire fraud against the bank.
In addition, Guy must forfeit more than 400 designer items, including purses, shoes, sunglasses, electronics and other items. All of those items were bought on gift cards she fraudulently obtained during her employment with HSBC Bank between January 2007 and August 2011, says a press release from the U.S. Attorney's Office in Tampa.
Guy, who worked in various capacities for HSBC Mortgage Services in Brandon, fraudulently had American Express gift cards and AMEX checks and department store gift cards sent to her home as part of the bank's employee recognition program, says the release.
The cards were used to buy merchandise from Gucci, Louis Vuitton, Tiffany's, Neiman Marcus and other high-end stores.
Guy's husband, Kevin Guy, was sentenced last month to 37 months in prison for his part in the fraud conspiracy. He used fraud proceeds for a down payment on a 2011 Mercedes Benz S Class with a sticker price of $96,000, authorities say.
Michelle Guy forged the signatures of HSBC supervisors on invoices for the gift cards and checks, court records state.
Authorities seized 72 AMEX gift checks and more than 60 gift cards during the execution of a search warrant. Investigators also seized 25 luxury purses, more than 100 pairs of designer shoes, more than 20 pairs of sunglasses, four flat screen televisions and a high-end refrigerator.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
